On January 1,2008,Fandu Corp.started a foreign subsidiary.On April 1,2008,the subsidiary purchased inventory costing 150,000 stickles.One-fourth of this inventory remained unsold at the end of 2008 while 40% of the liability from the purchase had not yet been paid.The pertinent exchange rates were:
SHAPE \* MERGEFORMAT

Required:
What should have been the December 31,2008 inventory and accounts payable balances for this foreign subsidiary as translated into U.S.dollars? (Round your answers to the nearest whole dollar. )

Question

On January 1,2008,Fandu Corp.started a foreign subsidiary.On April 1,2008,the subsidiary purchased inventory costing 150,000 stickles.One-fourth of this inventory remained unsold at the end of 2008 while 40% of the liability from the purchase had not yet been paid.The pertinent exchange rates were:
SHAPE \* MERGEFORMAT
  
Required:
What should have been the December 31,2008 inventory and accounts payable balances for this foreign subsidiary as translated into U.S.dollars? (Round your answers to the nearest whole dollar. )

Quizplus · Accepted Answer

The Answer of On January 1,2008,Fandu Corp.started a foreign subsidiary.On April 1,2008,the subsidiary purchased inventory costing 150,000 stickles.One-fourth of this inventory remained unsold at the end of 2008 while 40% of the liability from the purchase had not yet been paid.The pertinent exchange rates were:
SHAPE \* MERGEFORMAT
  
Required:
What should have been the December 31,2008 inventory and accounts payable balances for this foreign subsidiary as translated into U.S.dollars? (Round your answers to the nearest whole dollar. )