On 1 May 2014 Moorooba Exporters Ltd Sells Inventory to a Customer

On 1 May 2014 Moorooba Exporters Ltd sells inventory to a customer in Singapore.The inventory is sold for $S300 000 and payment is not due until 30 July 2014.The reporting date for Moorooba Exporters Ltd is 30 June.The exchange rate information is: $$\begin{array} { | l | l | } \hline 1 \text { May } 2014 & \text { A\$1 } = \$ S 1.10 \\\hline 30 \text { June } 2014 & \text { A\$1 } = \$ S 1.25 \\\hline 30 \text { July } 2014 & \text { A\$1 } = \$ S 0.95 \\\hline\end{array}$$ Moorooba Exporters uses a perpetual inventory system.What journal entries are required in Moorooba Exporters Ltd's books to record the transaction,adjustments at the end of the period and settlement in accordance with AASB 121 (rounded to the nearest whole A$) ?
What is the realised gain/loss on the monetary item?

A)
Realised loss $45 000
B)
Realised loss $66 667
C)
Realised gain $43 062
D)
Realised gain $90 000