Zippy Shoe Company uses a periodic inventory system. Zippy purchased $430$ pairs of shoes at $$75$ each in June, $960$ pairs in August at $$77$ each, and $620$ pairs in December at $$80$ each. Zippy sold $1,885$ 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 C

Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method.

Cost of Goods Sold

Ending Inventory

Zippy Shoe Company uses a periodic inventory system. Zippy purchased $430$ pairs of shoes at $$75$ each in June, $960$ pairs in August at $$77$ each, and $620$ pairs in December at $$80$ each. Zippy sold $1,885$ 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 $430$ pairs of shoes at $$75$ each in June, $960$ pairs in August at $$77$ each, and $620$ pairs in December at $$80$ each. Zippy sold $1,885$ 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