Placo Ltd., a Scottish subsidiary of Limko, Inc., a U.S. company cost of goods sold on its income statement for the year ended 12/31/2010.

Inventory 1/1/10. 100,000

Purchases. 900,000

Cost of Goods Available for sale. 1,000,000

Inventory 12/31/10. 200,000

COGS. 800,000

Exchange rates/:

12/31/10. $0.522

12/31/09. $0.560

2010 average $0.547

29. What amount should be used to consolidate Placo's cost of goods sold into Limko's income statement under the current rate method? (please priovide work on how you solved it, thank you)