Rhante is a German company wholly owned by a U.S.fim. Its inventory is valued at the lower of cost or market, with cost being measured by the average cost method Purchases of inventory occur evenly throughout the period. In 2020 Rhante's ending inventory was 60.000 euros at cost and 50,000 euros at market Assume the following exchange rates Jan 1, 2020 Dec 31, 2020 2020 average 1 euro = $1.60 US 1 euro = 5167 US 1 euro = $1.63 U.S. Determine the translated value of Rhante's inventory to be included in the consolidated balance sheet for the US.parent given Rhat's functional currency is the euro Select one: 596,000 583.500 581.500 Od 5100.200