ignore taxes and GST. The perpetual inventory system is used. AUD is the functional currency.

On May 25, Aussie Co. purchased inventory on account, EUR 1,178, n/60. [Spot rate : EUR 1 = AUD 1.60] On June 5, Aussie Co. sold the inventory to Customer Co. for AUD 5,000. [Spot rate: EUR 1: AUD 1.55] On June 25, Aussie Co. paid for the inventory purchsed on May 25. [Spot rate: EUR 1: AUD 1.65] The Cost of Sales from the June 5 transaction to report in the Income Statement for this financial year ended June 30 is:

A) $1,178.00. B) $1,825.90. C) $1,884.80. D) $1,943.70.

please provide correct answer and explanation