BPP P&R Kit Question 179

The Question below:

Miston Co buys goods priced at €50,000 from a Dutch company on 1 November 20X8. The invoice is duefor settlement in two equal instalments on 1 December 20X8 and 1 January 20X9.
The exchange rate moved as follows:
1 November 20X8 – 1.63 to $1
1 December 20X8 – 1.61 to $1
31 December 20X8 – 1.64 to $1
What will be the net exchange gain or loss to be reported in the financial statements of Miston Co at 31 December 20X8?
$ gain / (loss) (to nearest $)

Answer:
Date Rate $ € Gain/(loss)
1/11 1.63 30,675 50,000
1/12 1.61 (15,528) (25,000) (191)
31/12 1.64 15,244 25,000 93
98

Is the answer correct? For my calculation, there’s 284 gain on the financial statement. Which is
1 Nov 50000/1.63 = 30675
DR PURCHASE
CR PAYABLE

1 DECEMBER 25000/1.61 = 15528
DECREASE IN PAYBLE
DR PAYABLE 15147
CR PURCHASE 15147

31 DECEMBER 25000/1.64 = 15244

DR PAYABLE 15528
CR BANK 15244
CR GAIN 284