Mercury Company Is a Subsidiary of Neptune Company and Is

question 65

Multiple Choice

Mercury Company is a subsidiary of Neptune Company and is located in Valparaíso, Chile, where the currency is the Chilean Peso. Data on Mercury'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:

-Based on the preceding information,the translation of cost of goods sold for 20X8,assuming that the Spanish peseta is the functional currency is:

• A) $1,700.
• B) $1,760.
• C) $1,680.
• D) $1,692.

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Definitions:

Controller ECU

An Electronic Control Unit (ECU) in a vehicle that manages the operations of its electrical systems or components.

Tandem Drive

A drive system where two power sources or axles work in conjunction to provide propulsion, commonly used in heavy-duty vehicles for improved traction and load distribution.

4S/4M ABS

A specific configuration of Anti-lock Braking System (ABS) technology that includes sensors and modulators for 4 sensors and 4 modulators, enhancing vehicle stability and control.

Modulated

Adjusted or regulated in stages or by degrees; often describes the variable control of power or signal in a system.