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Total Purchase price = number of bottles x Price per bottle Total Purchase price = 1,000,000 x 15 Total Purchase price = 15,000,000 16,785,000 =
Total Purchase price = number of bottles x Price per bottle Total Purchase price = 1,000,000 x 15 Total Purchase price = 15,000,000 16,785,000 = (15,000,000 x 1.119) Purchase of wine Foreign Exchange loss 15,000,000x 1.115) - (15,000,000 x 1.222) Foreign Exchange loss = 16,725,000 - 18,330,000 Foreign Exchange loss = 1,605,000
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