Stuff Company is a subsidiary of Pland Corporation and is located in Madrid, Spain, where the currency is the euro $().$ Data on Stuff's inventory and purchases are as follows:

Inventory, January $1,20x7$

Purchases during $207c220,000$

Inventory, December $31,207,846,000$

The beginning inventory was acquired during the fourth quarter of $206,$ and the ending inventory was acquired during the fourth quarter of $207.$ Purchases were made evenly over the year. Exchange rates were as follows:

$\backslash$table$[[\backslash$table$[[$Fourth quarter of $206$