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Voltac Corporation (a U.S. company located in Charlotte, North Carolina) has the following import/export transactions denominated in Mexican pesos in 2017: March 1 Bought inventory

Voltac Corporation (a U.S. company located in Charlotte, North Carolina) has the following import/export transactions denominated in Mexican pesos in 2017:

March 1

Bought inventory costing 100,000 pesos on credit.

May 1

Sold 60 % of the inventory for 80,000 pesos on credit

August 1

Collected 70,000 pesos from customers.

September 1

Paid 60,000 pesos to suppliers.

Currency exchange rates for 1 peso for 2017 are as follows:

March 1

$0.10

May 1

0.12

August 1

0.13

September 1

0.14

December 31

0.15

A) What is the COGS report on its 2017 financial statements?

B) What is the Cash report on its 2017 financial statements?

C) What is the A/P report on its 2017 financial statements?

D) What is the A/R report on its 2017 financial statements?

E) What is the ending inventory report on its 2017 financial statements?

F) What is the Sales report on its 2017 financial statements?

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