What is the A$ inventory amount capitalised on $15$ July upon its arrival? Jetson Ltd imports inventory from Germany Ltd and on $1$ June ordered

goods worth Euro $400000$ The inventory is delivered on $15$ July and payment

is made on July $31.$ Jetson Ltd took out a hedge on $1$ June to buy. Euro on $31$

July. Jetson's year$-$end is June $30.$ The following rates and contract values

apply to this hedge:

What is the A$ inventory amount capitalised on $15$ July upon its arrival?

$($One correct answer$)$

Hint: Give due consideration to both $($i$)$ the spot transaction for the

underlying accounts payable recognition, and $($ii$)$ the classification,

measurement, recognition and treatment of the cumulative gains or losses

applicable to the forward contract, up to $15$ July. You can assume that the

forward contract is an effective hedge for the inventory purchase. a$.$

$634921$

b$.$

$602405$

c$.$

$516218$

d$.$

$571429$

e$.$

$595662$

f$.$

$626639$