On January 1, Narnevik Corporation formed a subsidiary in a foreign country. On April 1, the subsidiary purchased inventory on account at a cost of 250,000 local currency units (LCU). One-fifth of this inventory remained unsold on December 31, while 30 percent of the accounts payable had not yet been paid. The U.S. dollar–per-LCU exchange rates were as follows:

At what amounts should the December 31 balances in inventory and accounts payable be translated into U.S. dollars using the current rate method?

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January 1 April 1..... Average for the current year December 31 $0.60 0.58 0.56 0.54