Star Corporation of Britain is 100% owned subsidiary of Planet Corporation, a U.S. firm. Stars ending inventory was reported as 10,000 LCU. This inventory was acquired when the exchange rate was $0.58. The weighted average rate for the current year was $0.61, and the current exchange rate on the balance sheet date is $0.65

Inventory will be reported at the following amount on translated financial statements:

Select one:

a.

$5,800

b.

$6,100

c.

$6,500

d.

$10,000