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:

-Based on the preceding information,the translation of cost of goods sold for 20X8,assuming that the Chilean peso is the functional currency is:
A)$1,700.
B)$1,760.
C)$1,680.
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:
 
-Based on the preceding information,the translation of cost of goods sold for 20X8,assuming that the Chilean peso is the functional currency is:
A)$1,700. 
B)$1,760. 
C)$1,680. 
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:
 
-Based on the preceding information,the translation of cost of goods sold for 20X8,assuming that the Chilean peso is the functional currency is:
A)$1,700. 
B)$1,760. 
C)$1,680. 
D)$1,692.

Stack Company Is a Subsidiary of Pile Company and Is