Hello, I need help with the two sections below. For some reason, i keep getting these questions wrong. Help would be greatly appreciated!

Part 1:

Compute the revenue to be recognized in fiscal year 2015 for the operating divension mentioned below. Show calculations.

Madoff Securities

Madoff Securities uses manufacturers agents who forward orders for alarm systems and the down payments. Madoff then ships their products from the factory to customers directly. The balance due is then billed directly to the customer, including shipping costs. Orders for $3,000,000 were received during the fiscal year ending November 30, 2015. Madoff received $300,000 in down payments; they billed $2,600,000 for goods and $50,000 in freight costs. Manufactures agents are paid a 10% commission on product price once goods are shipped to the customer. Madoff offers a 90-day warranty on goods after shipment, and the returns have been about 1% of sales. Revenue is recognized at the point of sale by this division.

Part 2:

Federal Corp. had 750 units of part B467 on hand May 1, 2015, costing $10.50 each. Purchases of part B467 during May were as follows.

Units Unit Cost

May 9 1,000 $11.00

17 1,750 11.50

26 500 12.00

A physical count on May 31, 2015, shows 1,050 units of part B467 on hand. Using the LIFO method, what is the cost of part B467 inventory at May 31, 2015?