[Solved] A U.S. company's foreign subsidiary had the following amounts in stickles (§), the functional currency, in 2013: \(\begin{array}{lr} \text { Cost of goods sold } & \S 12,000,000 \\ \text { Ending inventory } & 600,000 \\ \text { Beginning inventory } & 240,000 \end{array}\) The average exchange rate during 2013 was §1 = $.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 = $.90. The exchange rate at December 31, 2013 was §1 = $.84. At what amount should the foreign subsidiary's cost of goods sold have been reflected in the 2013 U.S. dollar income statement? A)$11,253,600. B)$11,577,600. C)$11,520,000. D)$11,613,600. E)$11,523,600. Reminder: A communication tool used to prompt or encourage an audience to remember and consider a product, service, event, or message. Sex Appeals: The use of sexually suggestive or erotic imagery in advertising to draw interest to a product or service, often provoking emotional responses from the audience. Younger Audiences: Target demographic groups composed of younger individuals, typically children and teenagers, with specific consumer habits and preferences. Recall, Recognition: The ability to remember (recall) information or to identify (recognition) previously encountered information or experiences.