A foreign subsidiary uses the first-in first-out inventory method. The following inventory balances are given at December 31, 2021 in local currency units (LCU) : 
The following exchange rates are given for 2021:
Compute the December 31, 2021, inventory balance using the current rate method.
A) $454,400.
B) $457,600.
C) $596,400.
D) $419,000.
E) $321,000.
Correct Answer:
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