Golden Doors Enters into a Forward Exchange Rate Contract to Purchase

Golden Doors enters into a forward exchange rate contract to purchase US$300 000 on 1 September at a rate of A$1 = US$0.69.On 2 September Golden Doors takes delivery of inventory from its US supplier at a price of US$300 000.On 2 September A$1 = US$ 0.65.Calculate the amount Golden Doors would have paid on 2 September in A$ if it had not entered into the forward exchange rate contract,and any gain or loss it has made (rounded to the nearest dollar) .

A) cost in A$434 782; loss of $134 782
B) cost in A$434 782; loss of $26 756
C) cost in A$461 538; gain of $161 538
D) cost in A$461 538; gain of $26 756

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