On January 1, 2011, Fandu Corp Required:
What Should Have Been the December 31, 2011 Inventory

question 5

Essay

On January 1, 2011, Fandu Corp. began operations of a foreign subsidiary. On April 1, 2011, the subsidiary purchased inventory costing 150,000 stickles. One-fourth of this inventory remained unsold at the end of 2011 while 40% of the liability from the purchase had not yet been paid. The pertinent indirectexchange rates were: $$\begin{array} { l l } \text { January 1, 2011 } & \$ 1 = \S 3.0 \\\text { April 1, 2011 } & \$ 1 = \S 3.4 \\\text { Average for } 2011 & \$ 1 = \S3.2 \\\text { December } 31,2011 & \$ 1 = \S 3.6\end{array}$$
Required:
What should have been the December 31, 2011 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:

Scarce Resources

Resources that are limited in availability and cannot fully meet the demands placed upon them by humans.

Collective Violence

Violence committed by larger groups of individuals and can encompass a wide range of acts, including social, political, and economic violence.

Charles Tilly

A renowned scholar in the fields of sociology and political science, known for his contributions to our understanding of social movements, democracy, and the history of Europe.

Directed Violence

Violence that is planned or intended to target specific individuals or groups.