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Nash Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of

Nash Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year.

Date

Voucher

Terms

Units Received

Unit Invoice Cost

Gross Invoice Amount

1/15 10624 Net 30 58 $25 $1,450
3/15 11437 1/5, net 30 73 20 1,460
6/20 21332 1/10, net 30 98 19 1,862
9/12 27644 1/10, net 30 92 15 1,380
11/24 31269 1/10, net 30 84 14 1,176
Totals 405 $7,328

A physical inventory on December 31, 2017, reveals that 115 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Nash Football Shop uses the invoice price less discount for recording purchases.

Compute the 2017 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) (Answer previously calculated 5385.71 is incorrect)

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