zippy shoe co. uses a periodic inventory system. zippy purchased 800 pairs of shoes at $70 each in june, 2000 pairs in a
Posted: Tue Jul 05, 2022 1:37 pm
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
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