Placo Ltd, a Scottish Subsidiary of Limko, Inc $\quad$

Placo Ltd., a Scottish subsidiary of Limko, Inc., a U.S. company, showed cost of goods sold on its income statement for the year ended December 31, 2010.
$\begin{array}{c}\begin{array}{lll}\text {Inventory, \( 1 / 1 / 10 \) }\\\text {Purchases}\\\text {Cost of Goods Available for Sale}\\\text {Inventory, 12/31/10}\\\text {Cost of Goods Sold}\end{array}\begin{array}{r}£ 100,000 \\\underline{900,000} \\ 1,000,000 \\\underline{ 200,000} \\£ 800,000\end{array}\end{array}$

$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Exchange rates/£ }$
$\begin{array}{llcc} \text { December 31, 2010 } &\$ 0.522 \\ \text {December 31, 2009 } &\$ 0.560\\ \text { 2010 average } &\$ 0.547\\\end{array}$


-What amount should be used to consolidate Placo's cost of goods sold into Limko's income statement under the current rate method?

A) $417,600
B) $437,600
C) $448,000
D) $443,900