A Subsidiary of Dunder Inc

Multiple Choice

A subsidiary of Dunder Inc., a U.S. company, was located in a foreign country. The functional currency of this subsidiary was the Stickle (§) which is the local currency where the subsidiary is located. The subsidiary acquired inventory on credit on November 1, 2020, for §160,000 that was sold on January 17, 2021 for §207,000. The subsidiary paid for the inventory on January 31, 2021. Currency exchange rates between the dollar and the Stickle were as follows: What amount would have been reported for this inventory in Dunder's consolidated balance sheet at December 31, 2020?

A) $35,200.
B) $33,600.
C) $38,400.
D) $40,000.
E) $43,200.