RA KS On January 1, the wholly-owned Mexican affiliate of a Canadian percent company acquired an inventory of computer hard drives for its assembly operation The cost incurred was 359000 pesos when the exchange rate was MXN 11.7=C$1. By year-end, the Mexican affiliate had used three-fourths of the acquired hard drives. Due to advance in hardware technology, the remaining inventory was marked down to its net realizable value of MXN 38000. The year- end exchange rate was MXN 11.6 = C$1. The average rate during the year was MXN 11 = C$1. Translate the ending inventory to Canadian dollars assuming the Mexican affiliate's functional currency is the Canadian dollar