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TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 430 pairs of shoes

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TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 430 pairs of shoes at $69 each in June, 955 pairs in August at $71 each, and 640 pairs in December at $74 each. Zippy sold 1,895 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. o. FIFO b. LFO c. Weighted Average TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 430 pairs of shoes at $69 each in June, 955 pairs in August at $71 each, and 640 pairs in December at $74 each. Zippy sold 1,895 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. o. FIFO b. LFO c. Weighted Average

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