Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:

The appropriate exchange rates during 2011 were as follows:

What amount will Coyote Corp. report in its 2011 income statement for Cost of goods sold?

Question

Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:
 
The appropriate exchange rates during 2011 were as follows:
 
What amount will Coyote Corp. report in its 2011 income statement for Cost of goods sold?

Quizplus · Accepted Answer

The Answer of Coyote Corp. (a U.S. company in Texas) had the following series of transactions in a foreign country during 2011:
 
The appropriate exchange rates during 2011 were as follows:
 
What amount will Coyote Corp. report in its 2011 income statement for Cost of goods sold?