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Zippy Shoe Company uses a periodic inventory system. Zippy purchased 410 pairs of shoes at $61 each in June, 955 pairs in August at $63
Zippy Shoe Company uses a periodic inventory system. Zippy purchased 410 pairs of shoes at $61 each in June, 955 pairs in August at $63 each, and 610 pairs in December at $66 each. Zippy sold 1,870 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 Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Cost of Goods Sold Ending Inventory Required A Required B > es Zippy Shoe Company uses a periodic inventory system. Zippy purchased 410 pairs of shoes at $61 each in June, 955 pairs in August at $63 each, and 610 pairs in December at $66 each. Zippy sold 1,870 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 Calculate the company's ending inventory and cost of goods sold using the LIFO inventory costing method. Cost of Goods Sold Ending Inventory Zippy Shoe Company uses a periodic inventory system. Zippy purchased 410 pairs of shoes at $61 each in June, 955 pairs in August at $63 each, and 610 pairs in December at $66 each. Zippy sold 1,870 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 Calculate 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 amount.) Cost of Goods Sold Ending Inventory
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