A subsidiary of Porter Inc., a U.S. company, was located in a foreign country. The functional currency of this subsidiary was the Stickle (§) , the local currency where the subsidiary is located. The subsidiary acquired inventory on credit on November 1, 2012, for §120,000 that was sold on January 17, 2013 for §156,000. The subsidiary paid for the inventory on January 31, 2013. Currency exchange rates between the dollar and the Stickle were as follows: 
What amount would have been reported for cost of goods sold on Porter's consolidated income statement at December 31, 2013?
Definitions:
HPIP System
High-Performance Incentive Program, a strategy designed to improve efficiency and outcomes through incentives.
Patient Reminders
Notifications sent to patients to remind them of upcoming appointments, medication schedules, or other health-related tasks to enhance care compliance.
Preventive Care
Healthcare practices aimed at preventing diseases rather than treating them.
Follow-Up Care
Ongoing care and treatment given to a patient following the initial treatment of a condition or after being discharged from a healthcare facility to ensure recovery or monitor health status.
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