Duff Company is a subsidiary of Rand Corporation and is located in Madrid, Spain, where the currency is the euro (). Data on Duff's inventory and purchases are as follows: Inventory, January 1, 20X7 Purchases during 20X7 Inventory, December 31, 20X7 232,000 866,000 184,000 The beginning inventory was acquired during the fourth quarter of 20X6, and the ending inventory was acquired during the fourth quarter of 20X7. Purchases were made evenly over the year. Exchange rates were as follows Fourth quarter of 20x6 January 1, 20X7 Average during 20X7 Fourth quarter of 20x7 December 31, 20X7 11.29015 1 1.32030 1 = 1.39655 1 1.45000 11.47280 Required a. Show the remeasurement of cost of goods sold for 20X7, assuming that the U.S. dollar is the functional currency. (Round your intermediate calculations to nearest dollar amount.) st of goods sold b. Show the translation of cost of goods sold for 20X7, assuming that the euro is the functional currency (Round your intermediate calculations and final answer to the nearest dollar amount.) t of goods sold