Lawrence Ltd. is a British subsidiary of RX Inc. (a U.S. company). During 2019. Lawrence reported cost of goods sold on its income statement for the year ended December 31, 2019 computed as follows: Inventory, 1/1/2019 Purchases 100,000 900.000 Cost of Goods Available for Sale 1,000,000 Inventory 12/31/2019 200.000 Cost of Goods Sold 800.000 Relevant Exchange Rates USD per 12/31/2018 $0.560 12/31/2019 $0.522 2019 Average $0.547 Inventory balances are reflective of year-end exchange rates. What amount should be used to consolidate Lawrence's cost of goods sold into the US parent's income statement under the current rate method?