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Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 435 pairs of shoes at $75 each in June, 950 pairs in August at $77
Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 435 pairs of shoes at $75 each in June, 950 pairs in August at $77 each, and 610 pairs in December at $80 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. a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required FIFO S 154,575 Cost of Goods Sold Ending Inventory
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