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How much is the translated balance of cost of goods sold

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Question - Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. On Company F's financials at the end of the year 2015, they reported €300,000 in cost of goods sold. If the spot rate on 1/1/15 was €1 = $1.10, the spot rate on 12/31/15 was €1 $1.25, and the weighted average rate for the full year 2015 was €1 = $1.20, how much is the translated balance of cost of goods sold in U.S. $ at year-end?

a. $360,000

b. $336,000

c. $330,000

d. $300,000

Reference no: EM132745828

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