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United Ltd., a Scottish subsidiary of Limko, Inc., a US. company, showed cost of goods sold on its income statement for the year ended December

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United Ltd., a Scottish subsidiary of Limko, Inc., a US. company, showed cost of goods sold on its income statement for the year ended December 31, 2020. Inventory, 1/1/2020 E 100,000 Purchases 900,000 Cost of Goods Available for Sale 1,000,000 Inventory, 12/31/2020 200.000 Cost of Goods Sold 800,000 Exchange rates/ December 31, 2020 December 31, 2019 50.522 50.560 2020 average $0.547 Required: (Show your calculations) 1) What amount should be used to consolidate United's cost of goods sold into Umko's income statement under the current rate method? 2) What amount should be used to consolidate United's cost of goods sold into Limko's income statement under the temporal method

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