A U S company s foreign subsidiary had these amounts in local currency units ( LCU ) in 2 0 2 0 Cost of goods sold LCU 5 , 6 5 0 , 0 0 0 Beginning inventory 5 0 3 , 0 0 0 Ending inventory 6 1 7 , 0 0 0 The average exchange rate during 2 0 2 0 was $ 1 8 0 LCU 1 The beginning inventory was acquired when the exchange rate was $ 1 6 0 LCU 1 Ending inventory was acquired when the exchange rate was $ 1 9 0 LCU 1 The exchange rate at December 3 1 , 2 0 2 0 , was $ 1 9 5 LCU 1 Assuming that the foreign country is highly inflationary, at what amount should the foreign subsidiary s cost of goods sold be reflected in the U S dollar income statement

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A U   S   company s foreign subsidiary had these amounts in local currency units ( LCU ) in 2 0 2 0   Cost of goods sold LCU 5 , 6 5 0 , 0 0 0 Beginning inventory 5 0 3 , 0 0 0 Ending inventory 6 1 7 , 0 0 0 The average exchange rate during 2 0 2 0 was $ 1   8 0   LCU 1   The beginning inventory was acquired when the exchange rate was $ 1   6 0   LCU 1   Ending inventory was acquired when the exchange rate was $ 1   9 0   LCU 1   The exchange rate at December 3 1 , 2 0 2 0 , was $ 1   9 5   LCU 1   Assuming that the foreign country is highly inflationary, at what amount should the foreign subsidiary s cost of goods sold be reflected in the U   S   dollar income statement

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Question: A U . S . company s foreign subsidiary had these amounts in local currency units ( LCU ) in 2 0 2 0 :

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