Regis Products, Inc. purchased merchandise from a supplier on account for $18,600, terms 2/10, n/30. Regis returned merchandise with an invoice amount of $5,000. If Regis pays the invoice within the discount period, how much cash is required for the payment?

Group of answer choices

$13,600

$13,328

$9,520

$13,228

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The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May.

Date	Product Z	Units	Cost
May 3	Purchase	5	$30
May 10	Sale	3
May 17	Purchase	10	$34
May 20	Sale	6
May 23	Sale	3
May 30	Purchase	10	$40

Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the May 20 sale using the FIFO inventory cost method.

Group of answer choices

$196

$124

$204

$240