Question: dear tutors, i just need some help with my assignment. hope you guys can help. thank you so much. Marvel Company, a local company, bought

dear tutors, i just need some help with my assignment. hope you guys can help. thank you so much.

Marvel Company, a local company, bought raw materials as ingredients in its products from Superman Cogorgtion, a US company, for 35,000 US Dollars in 2016. Pertinent exchange rates relating to this transaction are as follows: Buying Rate Selling Rate Receipt of order P47.10 P47.20 Date of shipment 47.25 47.45 Balance sheet date 49.50 49.60 Settlement date 49.45 49.50 9. What is the foreign exchange gain or loss of Lastikman Company for 2016? a. P78,750 loss b. P75,250 loss c. P78,750 gain d. P75,250 gain 10. What is the value of the inventory, assuming it's not yet sold, as of settlement date? a. 1,652,000 b. 1,660,750 c. 1,732,500 d. 1,653,750

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