Find out the inventory value using both temporal and

Reference no: EM13454353

Determine the inventory value using both the temporal and current methods. Show how this will be reflected on Royal Tea's statements and the consolidated statements of U.S. Beverages. Use the following information for this calculation:

The historical cost of inventory is £750,000.
The historical exchange rate is $0.650.
The current exchange rate is $0.689.

Reference no: EM13454353

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