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Please answer cost of goods sold and ending inventory for the 3 inventory costing methods!! Zippy Shoe Co. uses a periodic inventory system. Zippy purchased
Please answer cost of goods sold and ending inventory for the 3 inventory costing methods!!
Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 440 pairs of shoes at $75 each in June, 965 pairs in August at $77 each, and 640 pairs in December at $80 each. Zippy sold 1,860 pairs of shoes during the year. Required: Calculate the cost of 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 FIFO i Cost of Goods Sold Ending Inventory Required A Required B >Step by Step Solution
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