zippy shoe co. uses a periodic inventory system. zippy purchased 800 pairs of shoes at $70 each in june, 2000 pairs in a

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answerhappygod
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zippy shoe co. uses a periodic inventory system. zippy purchased 800 pairs of shoes at $70 each in june, 2000 pairs in a

Post by answerhappygod »

zippy shoe co. uses a periodic inventory system. zippy purchased800 pairs of shoes at $70 each in june, 2000 pairs in august at $72 each, and 1200 pairs in december at $ 75 each. zippy sold3800 pairs during this year.
required:
calculate the company`s ending inventory and the cost of goodssold using the each of following inventory costingmethod.
a. FIFO
b. LIFO
c. Weighted average
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