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Acme Corporation (a U.S. firm located in Florida) has the following import/export transactions in 2015: March 1: Bought inventory costing 50,000 pesos on credit May

Acme Corporation (a U.S. firm located in Florida) has the following import/export transactions in 2015:

March 1: Bought inventory costing 50,000 pesos on credit

May 1: Sold 60% of the inventory for 45,000 pesos on credit

August 1: Collected 40,000 pesos from customers

September 1: Paid 30,000 pesos to creditors

Currency exchange rates for 1 peso are:

March 1: $0.17

May 1: $0.18

August 1: $0.19

September 1: $0.20

December 31: $0.21

For the following accounts, how much will Acme report on their end of year financial statements?

Inventory

COGS

Sales

AR

AP

Cash

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