On September 15, 2002, the Prudent Buyer Import Company of Tacoma, WA orders 8 Wego Far economy automobiles from Seoul, Korea. The terms of sale are 87,901,232 Won, ex factory. The autos are laden on a vessel that departs from Seoul on September 25, 2002 and sails directly to Vancouver, BC, Canada. The vessel arrives in Vancouver on October 2, 2002 and the automobiles are off loaded onto an auto carrier on October 4, 2002. The auto carrier travels in-bond through Canada to the port of Blaine, WA. U.S. Customs accepts an immediate delivery release for the autos on October 5, 2002. The Customs broker files the related entry summary on October 12, 2002. South Korean Won Certified Daily Exchange Rates for one (1) U.S. dollar 09-15-02 0.000831 09-25-02 0.00081 10-02-02 0.000813 10-04-02 0.000811 10-05-02 0.000811 10-12-02 0.000793 Based solely on the above information, which ONE of the following reflects the correct amount (rounded to the nearest dollar) for the conversion of the sale to U.S. funds for Customs purposes?
A) 73046
B) 71200
C) 71288
D) 69706
E) $ 697,057
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The Answer is: B
Citation: 19 CFR 152.32
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