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Stack Company is a subsidiary of Pile Company and is located in Valpara so , Chile, where the currency is the Chilean Peso. Data on

Stack Company is a subsidiary of Pile Company and is located in Valparaso, Chile, where the currency is the Chilean Peso. Data on Stack's inventory and purchases are as follows:
Inventory, January 1,20X8500,000 Pesos
Purchases during 20X81,000,000 Pesos
Inventory, December 31,20X8400,000 Pesos
The beginning inventory was acquired during the fourth quarter of 20X7, and the ending inventory was acquired during the fourth quarter of 20X8. Purchases were made evenly over the year. Exchange rates were as follows:
Fourth quarter of 20X71 Peso = $ 0.00148
January 1,20X81 Peso = $ 0.00152
Average during 20X81 Peso = $ 0.00160
Fourth quarter of 20X81 Peso = $ 0.00162
December 31,20X81 Peso = $ 0.00165
Assuming the U.S. dollar is the functional currency, what is the amount of Stack's cost of goods sold remeasured in U.S. dollars?

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