On 1 July 2019 Nigel Ltd, an Australian company, acquires all the issued shares in Oswald Ltd, a company incorporated in another country.Exchange rates for the year ending 30 June 2020 are as follows:

1 July 2019 Foreign$1 = A$1.65

Average for the year Foreign$1 = A$1.54

Ending inventory acquired (before year end) Foreign$1 = A$1.47

30 June 2020 Foreign$1 = A$1.43

Statement of Profit or Loss and Other Comprehensive Income for Oswald Ltd for the year ending

30 June 2020 in the functional currency is:

Foreign$

Sales 6 400

Less Cost of Goods Sold:

Inventory 1 July 2019 700

Add Purchases 3 900

Less Inventory 30 June 2020 -850

Cost of Goods Sold 3 750

Gross Profit 2 650

Less Administration Expense -210

Less Depreciation Expense -330

Operating Profit 2 110

Less Income Tax Expense -930

Operating Profit after Tax 1 180

Other Comprehensive Income -

Comprehensive Income 1 180

Additional Information

Opening retained earnings as at 1 July 2018 amounts to Foreign$620.

Required:

What is the translated cost of goods sold figure in Australian dollars (presentation currency)?

A.A$5911

B.A$3750

C.A$5 775

D.None of the given answers.

E.A$5946