Compute the December 31, 2018, inventory balance using the current rate method.
A) $454,400.
B) $457,600.
C) $596,400.
D) $419,000.
E) $321,000.

Question

Quizplus · Accepted Answer

The current rate method involves translating the inventory balance at the current exchange rate as of the balance sheet date, which is December 31, 2018. The correct inventory balance using this method is $454,400.

Compute the December 31, 2018, Inventory Balance Using the Current