Question: During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:
Jan. 6 Sold goods for $300 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $80.
8 Sold goods to SpyderCorp. for $110 with terms 3/10, n/30. The goods cost Solitare $70.
14 Collected cash due from Wizard Inc.
Feb.2 Collected cash due from SpyderCorp.
28 Sold goods for $80 to Bridges with terms 3/10, n/45. The goods cost Solitare $50.
Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended February 28. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Edit
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