Question: Burton Manufacturing. Jason Stedman is the director of finance for Burton Manufacturing, a U.S.-based manufacturer of handheld computer systems inventory management. Burton's system combines a low cost active bar code used on inventory (the bar code tags emit an extremely low-grade radio frequency) with custom designed hardware and software which tracks the low-grade emissions for inventory control. Burton has completed the sale of a bar code system to a British firm, Pegg Metropolitan (UK), for a total
payment of £1,000,000. The exchange rates shown at the top of this page were available to Burton on dates corresponding to the events of this specific export sale. Assume each month is 30 days.