On January 1, Narnevik Corporation formed a subsidiary in a foreign country. On April 1, the subsidiary purchased inventory on account at a cost of 250,000 local currency units (LCU). One-fifth of this inventory remained unsold on December 31, while 30 percent of the account payable had not yet been paid. The U.S. $ per LCU exchange rates were as follows:

January 1 $ 0.60 April 1 0.58 Average for the current year 0.56 December 31 0.54

At what amounts should the December 31 balances in inventory and accounts payable be translated into U.S. dollars using the current rate method?

InventoryAccounts payable