Ignore the taxes and GST. The perpetual system is used. AUD is the functional currency. On may 25th Aussie co. Purchased inventory on account , EUR 1,178 , n/60. ( spot rate EUR 1= AUD 1.60) on June 5 Ausie co. Sold the inventory to customer co for AUD 5000 (spot rate EUR 1 : AUD 1.55) on June 25 Aussie co paid for the inventory purchased on may 25 ( spot rate EUR 1 : AUD 1.65) the cost of sales from June 5th transaction to report in the income statement for this financial year ended June 30 is a. $1,178 b. $1825.90 c. $1884.90 d. $1943.70