South Company Is a Subsidiary of Pole Company and Is

question 52

Multiple Choice

South Company is a subsidiary of Pole Company and is located in Malaysia,where the currency is the ringgit.Data on South's inventory and purchases are as follows:
The beginning inventory was acquired during the fourth quarter of 20X3,and the ending inventory was acquired during the fourth quarter of 20X4.Purchases were made evenly during 20X4.Exchange rates were as follows:

-Based on the preceding information and assuming the U.S.dollar is the functional currency,what is the amount of South's costs of goods sold remeasured in U.S.dollars?

• A)$28,480
• B)$28,510
• C)$28,540
• D)$28,570

---

Definitions:

Fontanels Close

The process by which the soft, membranous gaps (fontanels) between the skull bones of an infant gradually harden and close.

Occipital Bone

A bone that forms the back and base of the skull, and contains the foramen magnum through which the spinal cord passes.

Cranial

Pertaining to the skull or cranium, often used to describe the direction towards the head.

Caudal

means towards the tail or posterior part of the body, opposite of cranial, which points towards the head.