Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 440 pairs of shoes at $65 each in June, 1,000 pairs in August at $67 each, and 600 pairs in December at $70 each. Zippy sold 1,850 pairs of shoes during the year.

Calculate the company's ending inventory and cost of goods sold using the each of the following inventory costing methods.

a. FIFO

b.LIFO

c.Weighted Average