Question: ONLY # 23 22. JoCo uses the periodic method and FIFO costing. JoCo's December 31 , 20X2 inventory consists of 400 units bought in November,

ONLY # 23 ONLY # 23 22. JoCo uses the periodic method and FIFO

22. JoCo uses the periodic method and FIFO costing. JoCo's December 31 , 20X2 inventory consists of 400 units bought in November, 20X2 \& $11. During 20X3, JoCo made the following purchases: 1,800 units \& $14 in January; 2,200 units @ $17 in July; and 2,300 units \& $13 in October. The December 31,20X3 inventory consists of 1,300 units. JoCo's 20X3 cost of goods sold is ... a. $80,000 b. $79,900 c. $80.800 d. $78,700 23. NiCo begins operations in 20X4, makes all sales on account, uses the perpetual method and FIFO costing, and shows the following data: On December 21, what entries does NiCo record

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