A U$.$S$.$ company$$s foreign subsidiary had these amounts in local currency units $($LCU$)$ in $2024$:

Cost of goods soldLCU $5,380,000$Beginning inventory$521,000$Ending inventory$605,000$

The average exchange rate during $2024$ was $$1\mathrm{.}40=$ LCU $1.$ The beginning inventory was acquired when the exchange rate was $$1\mathrm{.}20=$ LCU $1.$ Ending inventory was acquired when the exchange rate was $$1\mathrm{.}50=$ LCU $1.$ The exchange rate on December $31,2024,$ was $$1\mathrm{.}55=$ 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.