A U$.$S$.$ company$$s foreign subsidiary had these amounts in local currency units $($LCU$)$ in $2024$: Cost of goods sold LCU $5,000,000$ Beginning inventory $500,000$ Ending inventory $600,000$ The average exchange rate during $2024$ was $$1\mathrm{.}00=$ LCU $1.$ The beginning inventory was acquired when the exchange rate was $$0\mathrm{.}80=$ LCU $1.$ Ending inventory was acquired when the exchange rate was $$1\mathrm{.}10=$ LCU $1.$ The exchange rate on December $31,2024,$ was $$1\mathrm{.}15=$ LCU $1.$ Required: Assuming that the foreign country is highly inflationary, determine the amount at which the foreign subsidiary$$s cost of goods sold should be reflected in the U$.$S$.$ dollar income statement.