Mathematics, 20.10.2020 04:01 marly032205
Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 415 pairs of shoes at $67 each in June, 990 pairs in August at $69 each, and 640 pairs in December at $72 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.
FIFO
LIFO
Weighted Average
Answers: 1
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Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 415 pairs of shoes at $67 each in J...
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