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Brisco Bricks purchases raw material from its foreign supplier, Bolivian Clay, on May 8. Payment of 2,000,000 foreign currency units (FC) is due in 30 days. May 31 is Brisco\'s fiscal year-end. The pertinent exchange rates were as follows:

On June 1, CamCo received a contract to sell inventory for ×500,000. The sale would take place in 90 days. CamCo immediately signed a 90-day forward contract to sell the yen as soon as they are received. The spot rate on June 1 was $1 = ×240 and the 90-day forward rate was $1 = ×234. At what amount would CamCo record the Forward Contract on June 1?

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