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P10 Company USA has a subsidiary in a foreign country whose local and functional currency is the LCU. During 2019, the subsidiary purchased inventory for

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P10 Company USA has a subsidiary in a foreign country whose local and functional currency is the LCU. During 2019, the subsidiary purchased inventory for 500,000 LCU. By year-end 80% of the inventory had been sold for 600,000 LCU. Exchange rates were: inventory had been sold for 600.000 LCU. Exchange rates were: January 1, 2019 $0.80 per LCU Average 2019 $0.90 per LCU December 31, 2019 $0.95 per LCU What amount was reported as Gross Profit on Company USA's consolidated income statement? $360,000 O $180,000 $220,000 O $190,000

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