A U.S. company's foreign subsidiary had the following amounts in stickles (§) , the functional currency, in 2021: 
The average exchange rate during 2021 was §1 = $0.96. The beginning inventory was acquired when the exchange rate was §1 = $1.20. The ending inventory was acquired when the exchange rate was §1 = $0.90. The exchange rate at December 31, 2021 was §1 = $0.84. Assuming that the foreign nation for the subsidiary had a highly inflationary economy, at what amount should that foreign subsidiary's purchases have been reflected in the 2021 U.S. dollar income statement?
Definitions:
Serious Flaw
pertains to a significant error or shortcoming in design, methodology, or interpretation that can undermine the reliability, validity, or integrity of a research study or argument.
Participant Dropouts
Individuals who withdraw from a study or experiment before it is completed, affecting the validity of the results.
Nonequivalent Control Group Design
A quasi-experimental design where the experimental group and the control group are not created by random assignment, potentially leading to differences between groups that are not due to the experimental manipulation.
Selection Differences
Differences that arise in experimental research from the methods used to select participants for groups, potentially biasing the results.
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