$*$Use the following information to answer questions $(27-40)$

Placo Ltd$.,$ a Scottish subsidiary of Limko, Inc., a U$.$S$.$ company, showed cost of goods sold on its incom statement for the year ended December $31,2010.$

Inventory, $\frac{1}{1}\frac{?}{10}$

$100,000$

$900,000$

$1,000,000$

$200,000$

$800,000$

Purchases

Cost of Goods Available for sale

Inventory, $12/31/10$

$200,000$

Cost of Goods Sold

$800,000$

$36-$ What amount should be used to record beginning inventory in order to calculate Placo's cost of goods sold into Limko's income statement under the current rate method?

A$.$ $$437,600$

B$.$ $$56,000$

C$.$ $$52,200$

D$.$ $$417,600$

$37.$ What amount should be used to record purchases in order to calculate Placo's cost of goods sold into Limko's income statement under the current rate method?

A$.$ $$437,600$

B$.$ $$56,000$

C$.$ $$492,300$

D$.$ $$417,600$