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Zippy Shoe Company uses a periodic inventory system. Zippy purchased 405 pairs of shoes at $60 each in June. 985 pairs in August at $62
Zippy Shoe Company uses a periodic inventory system. Zippy purchased 405 pairs of shoes at $60 each in June. 985 pairs in August at $62 each, and 600 pairs in December at $65 each. Zippy sold 1,865 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 Cequired Required B > Zippy Shoe Company uses a periodic inventory system. Zippy purchased 405 pairs of shoes at $60 each in June, 985 pairs in August at $62 each and 600 pairs in December at $65 each. Zippy sold 1,865 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 Calculate the company's ending inventory and cost of goods sold using the LIFO Inventory costing method. Cost of Goods Sold Ending Inventory
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