Kadice Ltd, an Australian company, has a foreign operation based in Japan, Hirosho Inc. The following information was extracted from Hirosho Incs financial statements for the year ended 30 June 2022: 000 Machinery at cost, purchased on 1 July 2020 102,000 Depreciation expense machinery 5,600 Inventory on hand, purchased during last quarter of 2022 22,000 Land, purchased on 1 July 2018, revalued on 1 June 2022 90,000

Exchange rates are provided as follows:

1 July 2020 1.00 = A$0.0136

Average for the year ended 30 June 2022 1.00 = A$0.0153 1 June 2022 1.00 = A$0.0146 Last quarter of 2022 1.00 = A$0.0150 30 June 2022 1.00 = A$0.0142 What is the amount at which the inventory would be translated at 30 June 2022 using the closing rate method (rounded to the nearest A$)?

A$299,200

A$336,600

A$330,000

A$312,400