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Zippy Shoe Company uses a periodic inventory system. Zippy purchased 4 2 5 pairs of shoes at $ 6 8 each in June, 9 8
Zippy Shoe Company uses a periodic inventory system. Zippy purchased pairs of shoes at $ each in June, pairs in August at $ each, and pairs in December at $ each. Zippy sold 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.
FIFO
LIFO
Weighted Average
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