On January 1,2018,Fandu Corp Required:
What Should Have Been the December 31,2018 Inventory and 1,2018,the

question 19

Essay

On January 1,2018,Fandu Corp.began operations of a foreign subsidiary.On April 1,2018,the subsidiary purchased inventory costing 150,000 stickles.One-fourth of this inventory remained unsold at the end of 2018 while 40% of the liability from the purchase had not yet been paid.The pertinent indirect exchange rates were:
$\begin{array}{ll}\text { January } 1,2018 & \$ 1=\S 3.0 \\ \text { April 1, 2018 } & \$ 1=\S3.4 \\\text { Average for 2018 } & \$ 1=\S 3.2 \\\text { December 31. } 2018 & \$ 1=\S 3.6\end{array}$

Required:
What should have been the December 31,2018 inventory and accounts payable balances for this foreign subsidiary as translated into U.S.dollars? (Round your answers to the nearest whole dollar. )

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Definitions:

Eastern Europe

Eastern Europe is the region of Europe situated east of Germany and Western Europe, often characterized by its historical ties to the Byzantine Empire, Orthodox Christianity, and the influence of the Ottoman Empire and Russia.

Western Europe

A region comprising the western part of Europe, often associated with Western culture, democratic governance, and a high standard of living.

Charles XII

Charles XII was a Swedish king known for his military leadership during the Great Northern War, reigning from 1697 to 1718.

Ottoman Empire

The Ottoman Empire was a state that controlled much of Southeast Europe, Western Asia, and North Africa between the 14th and early 20th centuries, known for its significant cultural, military, and political influence.