Question o Week II $-$ Ch $30$

On $1$ M$$rch $2022$ Possum Ltd$,$ an Australian entity, purchases US $$1\mathrm{.}5$ million of inventory from Lincoln Inc., a US entity. The amount is paid on $1$ August $2022.$ Possum Ltd has a $30$ June financial year end.

Additional information

$\backslash$table$[[$Date$,$Spot Rate$],[1$ March $2022,$A$$1\mathrm{.}00=$ US $$0\mathrm{.}70$