Question 13 Not yet answered Marked out of 1.00 A parent company in the UK that uses the Great Britain Pound has a foreign Subsidiary in the Philippines that uses the Great Britain Pound as its functional currency. The Subsidiary on 31/12/2019 had Merchandise Inventory that had a cost of Pesos 30,000 and a current market price of pesos 25,000. It was reported in the statement of financial position using the lower of Cost or Market. The merchandise inventory was purchased on 1/10/2019 P Flag question 1 Peso= 0.01538 Pound on 1/10/2019 1 Peso 0.01493 Pound on 31/12/2019 Weighted average exchange rate for 2019 is 1 Peso= 0.01587 Pound What is the translated figure for merchandise Inventory in pounds? (round to the nearest one) Select one: O a. Pounds 461 b. Pounds 373 c. None of the answers is correct d. Pounds 476 e. Pounds 385