Westmore ltd is a british subsidiary of a us company, Ask an Expert

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Westmore, Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling (< ).The following exchange rates were in effect during 2011:

Jan. 1 . . . . . . . . . . . . . . L 1 = 1,60

June 30 . . . . . . . . . . . . . . . . . . . . . . . L 1 = 1,64

Dec 31 . . . . . . . . . . . . . . . . . . . . . . . . L 1 = 1.61

Weighted average rate for the year . . . L 1 = 1.59

Westmore reported sales of < 1,500,000 during 2011. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales?

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