On January 2, 20X8, Polaris Company acquired a 100% interest in the capital stock of Ski Company for $3100,000. Any excess cost over book value is attributable to a patent with a 10-year remaining life. At the date of acquisition, Ski's balance sheet contained the following information Foreign Currency Units (ECU) Cash Receivables (net) Inventories (EIEO) Plant and Equipment (net) Total 40, 000 150, 000 500, 000 1,500, 000 2,190, 000 Accounts Payable Capital Stock Retained Earnings Total 200,000 600, ood0 1,390, 000 2,190, 000 Ski's income statement for 20X8 is as follows Foreign Currency Revenues from Sales Cost of Goods Sold Gross Margin Operating Expenses (exclusive of depreciation) Depreciation Expense Income Taxes Units (FCU) 1,010,000 (590, 000) 420, 000 (120, 000) (200, 000) (40, 000) 60, 000 Net Income The balance sheet of Ski at December 31, 20X8, is as follows: Foreign Currency Receivable (net) Inventories (EIFO) Plant and Equipment (net) Total Accounts Payable Capital Stock Retained Earnings Total Units (FCU) 180,000 210,000 520, 000 1,300,000 2,210,000 180,000 600, 000 1,430,000 2,210, 000 Ski declared and paid a dividend of 20,000 FCU on October 1, 20X8. Spot rates at various dates for 20X8 follow January 2 October 1 December 31 Weighted Average 1 FCU - 1.50 1 FCU 1.60 1 FCU 1.70 1 FCU 1.55 Assume Ski's revenues, purchases, operating expenses, depreciation expense, and income taxes were incurred evenly throughout 20X8. to the above information. Assuming the U.S. dollar is the functional currency, what is the amount of Ski's cost of goods sold remeasured in U.S. dollars? Multiple Choice $811,500