On December 15, 20X6, Polar Inc. ordered 325,000 in inventory from a supplier in Italy and immediately entered into an FC to purchase 325,000 on the scheduled delivery date. The goods are scheduled to be delivered on January 15, 20X7, and payment in full is due at that time. The inventory was received and payment made on January 15. Polar's year end is December 31. Exchange rate information follows: Forward rate for delivery Date Spot rate on January 15, 20X7 December 15, 20X6 1 = C$1.40 1 = C$1.3925 December 31, 20X6 1 = C$1.38 1 = C$1.3775 January 15, 20X7 1 = C$1.35 1 = C$1.3500 Assume that Polar designates the FC as a cash flow hedge. Which of the following is the amount that will be recorded to inventory? (Values are all rounded to the nearest dollar.) a) $438,750 b) $447,688 c) $452,563 d) $455,000