Ok im confused… in the mock exam moringn session (q 24), they just translate cogs at average rate which is normally ok. But i assumed that because we had begging inv. and ending inv. numbers, we needed to calclate purchases===then translate such as: Cogs= Beg inv + purch- end = 100 (translated at historical rate of year end 2007 inv) + 800 (at average) - 200 (average) In scheser Qbank this is how they do it when you are given beg and end inv numbers… what do you guys reckon?
im such an idiot…i forgot the other question was temporal and this one is current… i still got the right answer as the change was negligable… thanks