Lawrence Company ordered parts costing FC350,000 from a foreign supplier on May 12 when the spot rate was $0.14 per FC. A one-month forward contract was signed on that date to purchase FC350,000 at a forward rate of $0.15. The forward contract is properly designated as a fair value hedge of the FC350,000 firm commitment. On June 12, when the company receives the parts, the spot rate is $0.17. At what amount should Lawrence Company carry the parts inventory on its books?

$56,000.

$52,500.

$49,000.

$59,500.