Zippy Shoe Company uses a periodic inventory system. Zippy purchased 445 pairs of shoes at $76...
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Zippy Shoe Company uses a periodic inventory system. Zippy purchased 445 pairs of shoes at $76 each in June, 970 pairs in August at $78 each, and 600 pairs in December at $81 each. Zippy sold 1,890 pairs of shoes during the year. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Cost of Goods Sold Ending Inventory Required > a. FIFO b. LIFO c Weighted Average Complete this question by entering your answers in the tabs below. Recuria c Required A Recuired 8 Calculate the company's ending inventory and cost of goods sold using the Welghted Average inventory costing method. (Round your intermediate calculations to 2 decimal places and feal answers to the nearest dollar amount.) Cost of Goods Sold Ending Inventory < Required Zippy Shoe Company uses a periodic inventory system. Zippy purchased 445 pairs of shoes at $76 each in June, 970 pairs in August at $78 each, and 600 pairs in December at $81 each. Zippy sold 1,890 pairs of shoes during the year. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Cost of Goods Sold Ending Inventory Required > a. FIFO b. LIFO c Weighted Average Complete this question by entering your answers in the tabs below. Recuria c Required A Recuired 8 Calculate the company's ending inventory and cost of goods sold using the Welghted Average inventory costing method. (Round your intermediate calculations to 2 decimal places and feal answers to the nearest dollar amount.) Cost of Goods Sold Ending Inventory < Required
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Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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