Sabre uses the lifo method of valuing inventory. on october 31, they sold 175 shredders. find the cost of goods sold. enter your answer in currency format and round to the nearest cent. date units received unit cost oct 1 150 $35.02 oct 10 75 $33.78 oct 20 75 $32.97

Cost of goods sold = $5881.8

Step-by-step explanation:

We know that,

the total number of sold units = 175,

the total number of units received = 150 + 75 + 75 = 300

the total cost of the available goods = (150 * 35.02) + (75 * 33.78) + (75 * 32.97)

= $10259.25

Ending inventory = 300 - 175 = 125

Worth of the ending inventory =  125 x 35.02 = $4377.5

So the cost of good sold will be = 10259.25 – 4377.5 = $5881.8