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How much is the translated balance of cost of goods sold

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Question - Sadavir, Inc. is a foreign subsidiary of a domestic company and Sadavir, Inc.'s functional currency is the Euro. On Sadavir, Inc.'s financials at the end of the year 202X, they reported €200,000 in cost of goods sold. If the spot rate on 1/1/2X was €1 = $1.12, the spot rate on 12/31/2X was €1 $1.02, and the weighted average rate for the full year 202X was €1 = $1.18, how much is the translated balance of cost of goods sold in U.S. $ at year-end?

Reference no: EM133183943

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