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It would recognize the sale of inventory on March

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Question - Bremmer Company's functional currency is the Euro. On February 1, 20X1, when the exchange rate is $1.20 per Euro, Bremmer purchases 100 units of inventory for a total purchase price of 4,300 Euros. Bremmer sells half of the inventory on March 24 and the other half on April 14. The exchange rate is $1.17 on March 24 and $1.21 on April 14.

If Bremmer were to keep records denominated in dollars, it would recognize the sale of inventory on March 24, by crediting cost of goods sold for?

Reference no: EM132894297

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