JoCo uses the periodic method and FiFo costing. Joc’s December 31, 20×2 inventory consist of 400 units bought in November, 20×2 @ 11. Durning 20×3.

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JoCo uses the periodic method and FiFo costing. Joc’s December 31, 20×2 inventory consist of 400 units bought in November, 20×2 @ 11. Durning 20×3. Joco;s made the following purchases 1800 units @ 14 in January, 2200 units @ 17 in July and 2300 units @13 in October the Dec 31, 20×3 inventory consist of 1300 units Joco’s 20×3 cost of goods sold is?

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