Garber Plumbers offers plumbing services to its customers. D…

Garber Plumbers offers plumbing services to its customers. During March, Garber provided $4,000 of plumbing services to Red Oak, Incorporated and $1,500 of services to Cyril, Incorporated. Each of these customers was granted credit terms of , net 30. If both customers paid for the plumbing services within the discount period, what was the net revenues amount for these two transactions?

Inventory records for Capetown, Incorporated revealed the fo…

Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 500 $ 2.40 April 20 Purchase 400 2.50 Capetown sold 700 units of inventory during the month. Ending inventory assuming FIFO would be: