Stack Company is a subsidiary of Pile Company and is located in Valparaíso,Chile,where the currency is the Chilean Peso.Data on Stack's inventory and purchases are as follows:
The beginning inventory was acquired during the fourth quarter of 20X7,and the ending inventory was acquired during the fourth quarter of 20X8.Purchases were made evenly over the year.Exchange rates were as follows:

-Refer the information provided above.Assuming the U.S.dollar is the functional currency,what is the amount of Stack's cost of goods sold remeasured in U.S.dollars?
A)$1,680
B)$1,712
C)$1,700
D)$1,692

Question

Stack Company is a subsidiary of Pile Company and is located in Valparaíso,Chile,where the currency is the Chilean Peso.Data on Stack's inventory and purchases are as follows:
  The beginning inventory was acquired during the fourth quarter of 20X7,and the ending inventory was acquired during the fourth quarter of 20X8.Purchases were made evenly over the year.Exchange rates were as follows:
 
-Refer the information provided above.Assuming the U.S.dollar is the functional currency,what is the amount of Stack's cost of goods sold remeasured in U.S.dollars?
A)$1,680 
B)$1,712 
C)$1,700 
D)$1,692

Quizplus · Accepted Answer

The Answer of Stack Company is a subsidiary of Pile Company and is located in Valparaíso,Chile,where the currency is the Chilean Peso.Data on Stack's inventory and purchases are as follows:
  The beginning inventory was acquired during the fourth quarter of 20X7,and the ending inventory was acquired during the fourth quarter of 20X8.Purchases were made evenly over the year.Exchange rates were as follows:
 
-Refer the information provided above.Assuming the U.S.dollar is the functional currency,what is the amount of Stack's cost of goods sold remeasured in U.S.dollars?
A)$1,680 
B)$1,712 
C)$1,700 
D)$1,692

Stack Company Is a Subsidiary of Pile Company and Is