Stack Company Is a Subsidiary of Pile Company and Is

question 15

Multiple Choice

Stack Company is a subsidiary of Pile Company and is located in Valparaíso,Chile,where the currency is the Chilean Peso.Data on Stack's inventory and purchases are as follows:
The beginning inventory was acquired during the fourth quarter of 20X7,and the ending inventory was acquired during the fourth quarter of 20X8.Purchases were made evenly over the year.Exchange rates were as follows:

-Refer the information provided above.Assuming the U.S.dollar is the functional currency,what is the amount of Stack's cost of goods sold remeasured in U.S.dollars?

• A)$1,680
• B)$1,712
• C)$1,700
• D)$1,692

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Definitions:

Marginal Product of Labor

This refers to the additional output a firm gains from hiring one more unit of labor, holding all other factors constant.

Surplus

Surplus refers to the situation where the quantity of a product or service supplied in a market exceeds the quantity demanded at the current price.

Compensating Differentials

Wage differentials that compensate workers for the job attributes, such as difficulty or undesirable conditions.

Salary

Regular payment from an employer to an employee, typically expressed on an annual basis but paid monthly or biweekly.