Translation of purchase of inventories on credit terms

Stranded Ltd is an Australian company that purchases inventories from Hammers plc,

which is an English company. The following information is relevant to a recent

acquisition of inventories for 300 000 pursuant to a contract with terms including FOB

shipping.

	Date	Event	Exchange rate
	11 May 2017	Inventories shipped	A$1 = 0.41
	22 June 2017	Inventories delivered	A$1 = 0.42
	30 June 2017	End of reporting period	A$1 = 0.43
	31 July 2017	Cash payment of 300 000 to Hammers plc	A$1 = 0.39

Required

In accordance with AASB 121/IAS 21, prepare all of the entries of Stranded Ltd that relate to the foreign currency purchase of inventories. How would your answer change if the inventories acquired had a net realisable value of 270 000 at 30 June 2017?