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What is the total amount of cost of goods sold recognized across the quarters ending December 31, 2018, and March 31, 2019? $Answer forward exchange
What is the total amount of cost of goods sold recognized across the quarters ending December 31, 2018, and March 31, 2019?
$Answer
forward exchange contract designated as a fair walle hedge of a foreign-currency-denaminated actoumts payable, strengthening sus Our compiaty a required to pay for the merchindise in Eures (C). The mochinge rate en the date of purchase is 51. eqtet, and the due date for our while we lock in the sus we wil pay for the turai an that dabe is the formard rate of 51.40610 .0 , the fonnard rate an Dciober 20,2018 , for settlemant on January 20,201%. Aikume thi derhative qualfies in a far vilue hedge, and cur componys functional currency and reperting ourruncy is the sus. The followirg table induden the spot rates, forieard raten, and related vilues of the ictourts payible ind forwird contrict on Dctober 20 , Aler setslement en Jaruacy 20, 2019 B Ignore dacounting in the compotabien of fak values. Dectember 31, 201a, and jarulicy 20, 2019 Hedeed Tramaction forwird-cantract derividive. Nata: Ro nistusea negation sign with your anwir. Net cash paid for settlimunt af the piyatile and forinard-centract derivitiou in: s C. Assume al of the imwertory wai sold ty our comparmy during the quartar ended becember 3t, 2018. What amount of cent of gosds sold eas rectegriced in the quarter ending Decamber 31, 2018t forward exchange contract designated as a fair walle hedge of a foreign-currency-denaminated actoumts payable, strengthening sus Our compiaty a required to pay for the merchindise in Eures (C). The mochinge rate en the date of purchase is 51. eqtet, and the due date for our while we lock in the sus we wil pay for the turai an that dabe is the formard rate of 51.40610 .0 , the fonnard rate an Dciober 20,2018 , for settlemant on January 20,201%. Aikume thi derhative qualfies in a far vilue hedge, and cur componys functional currency and reperting ourruncy is the sus. The followirg table induden the spot rates, forieard raten, and related vilues of the ictourts payible ind forwird contrict on Dctober 20 , Aler setslement en Jaruacy 20, 2019 B Ignore dacounting in the compotabien of fak values. Dectember 31, 201a, and jarulicy 20, 2019 Hedeed Tramaction forwird-cantract derividive. Nata: Ro nistusea negation sign with your anwir. Net cash paid for settlimunt af the piyatile and forinard-centract derivitiou in: s C. Assume al of the imwertory wai sold ty our comparmy during the quartar ended becember 3t, 2018. What amount of cent of gosds sold eas rectegriced in the quarter ending Decamber 31, 2018tStep by Step Solution
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