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Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 400 pairs of shoes at $67 each in June, 960 pairs in August at $69
Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 400 pairs of shoes at $67 each in June, 960 pairs in August at $69 each, and 640 pairs in December at $72 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 FIFO Cost of Goods Sold Ending Inventory Required A Required B Required C LIFO Cost of Goods Sold Ending Inventory
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