Placo Ltd., a Scottish subsidiary of Limko, Inc., a U.S. company, showed cost of goods sold on its income statement for the year ended December 31, Year 1.

Inventory, 1/1/Y1 (purchased on 12/31/Y0)			100,000
Purchase			900,000
Inventory, 12/31/Y1 (purchased on 12/31/Y1)			200,000
Cost of goods sold			800,000
Exchange rates/
December 31, Y0	$0.55
Year 1 average	$0.53
December 31, Y1	$0.52

What amount should be used to consolidate Placo's cost of goods sold into Limko's income statement under the temporal method?

Group of answer choices

$428,000

$416,000

$440,000

$424,00