Question #20&21: The Year 2015 financial statements of the Russian subsidiary of Globe Corporation (a German company) revealed the following S330,000 Beginning Inventory Purchases Ending Inventory Cost of Goods Sold.... 480,000 210,000 600,000 ES 0.38 Average, 2015. December 31,201S 0.29 032 The beginning inventory was acquired in 4 quarter of the previous year when exchange rate was ES045 ending inventory was acquired in 4h quarter of 2015 when exchange rate was ESO.37-1 Ruble. Ruble 20 Roquired: Assuming the current rate method is the appropriate method of currency translation, determine the amounts at which the Russian subsidiary's ending inventory and cost of goods sold should be included in Globe's Year 2015 consolidated financial statements. Ruble x Exchange = Eure 211 Required: Assuming the temporal method is the appropriate method of currency translation, determine the amounts at which the Russian subsidiary's ending inventory and cost of goods sold should be included in Globe's Year 2015 consolidated financial statements. Ruble x Exchange Rat - Fure