During the first week of March the following events happened:
March 1, Fred sent a letter to Barney offering to sell his car for $5000.
March 2, Fred sent Barney a revocation of his offer.
March 3, Barney received the offer.
March 4, Barney sent Fred a rejection of the offer.
March 5, Barney called Fred and accepted the offer.
March 6, Barney received the revocation and Fred received the rejection.
Required:
1. Is there a contract between Fred and Barney?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.