Three Boys and a Burro Leave It to Beaver : Season 5 Episode 22

Beaver, Gilbert and Richard find a burro for sale in Mayfield and they each decide to each go in $10 for it. After getting their parent's permission, Richard and Gilbert fight over who gets to keep the burro, which they name Pepe. However, once they get a load of just how destructive a burro can be, they dump the problem of room and board on Beaver.