You are the financial controller of Waru Ltd, an Australian company listed on the ASX that distributes imported food products in the local market. The functional currency of Waru Ltd is A\($.\) Waru Ltd’s purchases of inventories in foreign currency during the year ended 30 June 2023 are set out below. Exchange rates at delivery date, shipment date, the end of the reporting period and payment date are expressed to A $1.

Required 

In accordance with AASB 121/IAS 21, prepare the necessary entries in relation to the inventories purchase transactions up until and including 31 August 2023.

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Supplier Foreign currency Invoice amount Indian rupee (IR) 3 000 000 Madras Curry Monster Thai Satay Russian Saucy Caviary Thai baht (THB) 900 000 Russian rouble (RR) 40 000 000 80 000 000 Turkish Delightful Turkish lire (TL) German Sausagez Euros () 500 000 Contract basis FOB shipping FOB destination FOB shipping FOB shipping FOB destination Shipment date 20 Jul.2022 31 Jul. 2022 1 Nov. 2022 31 Mar. 2023 30 Apr. 2023 Delivery date 31 Jul. 2022 30 Aug. 2022 31 Dec. 2022 30 Apr. 2023 30 Jun. 2023 Payment date 30 Sep. 2022 31 Oct. 2022 31 Jan. 2023 31 Jul. 2023 31 Aug. 2023 Rate on delivery IR 10 THB 2 RR 1 000 TL 10 000 0.80 Rate on shipping IR 12 THB 3 RR 2 000 TL 10 500 0.78 Rate at the end of the reporting period IR 18 Rate on payment IR 15 THB 10 THB 4 RR 1 800 TL 10 750 0.70 RR 500 TL 11 000 0.75