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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 420 pairs of shoes
TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 420 pairs of shoes at $66 each in June, 955 pairs in August at $68 each, and 630 pairs in December at $71 each. Zippy sold 1,880 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. Calculate the company's ending inventory and cost of goods sold using the Fifo inventory costing method, TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 420 pairs of shoes at $66 each in June. 955 pairs in Augus at $68 each, and 630 pairs in December at $71 each, Zippy sold 1,880 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. FFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Calculate the company's ending inventory and cost of goods sold using the UFO inventory costing method. TB Problem 7-197 (Algo) Zippy Shoe Company uses a periodic inventory... Zippy Shoe Company uses a periodic inventory system. Zippy purchased 420 pairs of shoes at $66 each in June, 955 pairs in Augu at $68 each, and 630 pairs in December at $71 each. Zippy sold 1,880 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. Caleulate the company's ending inventory and cost of goods sold using the Weighted Average inventory costing method. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar ampunt.)
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