_____ on 10/10/06, Selcor Entered into a Noncancellable Sales Agreement

Multiple Choice

_____ On 10/10/06, Selcor entered into a noncancellable sales agreement with a foreign customer to sell a custom-made machine. Selcor delivered the machine on 12/9/06 (60 days later) . The sales price was 100,000 LCUs, which Selcor received on 1/8/07 (30 days after delivery) . Direct exchange rates on the respective dates are as follows:
Also on 10/10/06, Selcor entered into a 90-day FX forward to sell 100,000 LCUs. What should be the recorded sales price of the equipment?

A) $240,000
B) $242,000
C) $243,000
D) $244,000
E) $245,000