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:

Third Party

An entity not directly involved in a contract or agreement but who may be affected by its outcomes or can affect its execution.

Remainder

The part of an estate that is left after all other bequests and debts have been satisfied.

Fee Simple

The most comprehensive ownership interest in real property, allowing the owner nearly unlimited control over the land.

Life Estate

A legal arrangement where an individual has the right to occupy, use, or benefit from a property during their lifetime, after which the property reverts to another designated person or the estate.