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

What amount should be used to consolidate Placo's COGS into Limko's income statement under the temporal method?