od out of 1.00 lag question Quadros Inc., a German firm was acquired by a U.S. parent company on January 1. 2007. Selected account balances are available for the year ended December 31 2008, and are stated in Euro, the local currency of the German subsidiary Sales that occurred evenly during 2008: 800,000 Euros Purchases that occurred evenly during 2008 during 2008: 120.000 Euros Beginning Inventory (purchased on October 1, 2007) 20,000 Euros Ending Inventory (purchased on December 1, 2008) 40.000 Euros and valued at cost using lower of cost or market where current market value is 70.000 Euros Equipment (purchased on January 1, 2007) 180.000 Euros Dividends (paid on September 1, 2008) 40.000 Euros Accumulated depreciation - Equipment 90,000 Euros Depreciation expense for Equipment: 18,000 Euros Relevant exchange rates are given below: January 1, 2007: 1 USD = 0.455 Euro October 1,2007: 1 USD-0.460 Euro January 1, 2008: 1 USD=0.465 Euro December 1, 2008: 1 USD= 0.470 Euro September 1, 2008: 1 USD= 0.485 Euro December 31, 2008: 1 USD= 0.505 Euro Weighted Average, 2008: 1 USD= 0.475 Euro Assume the functional currency is the Euro, compute the translated amount for cost of goods sold expense for 2008? Select one: O a. $215,744 O b. $315,986 O c. $211,453 O d. None of the answers is correct e. $210,526