Company F is a foreign subsidiary of a domestic company and Company Fs functional currency is the Euro. On Company Fs financials at the end of the year 2014, they reported 40,000 in inventory. If the spot rate on 1/1/14 was 1 = $1.20, the spot rate on 12/31/14 was 1 $1.10, and the weighted average rate for the full year 2014 was 1 = $1.12, how much is the translated balance of inventory in U.S. $ at year-end?

Question 19 options:

A) $44,000

B) $44,800

C) $40,000

D) $48,000