14. JiCo uses the periodic method. Its beginning inventory is $43,000, purchases are $321,000, F.O.B. destination, purchase returns are $17,000, and freight is $9,000. The balance in JiCo's ledger Purchases account is ... a. $330,000 b. $317,000 c. $321,000 d. $304,000 7. FoCo uses the periodic method and weighted-average costing. The cost of the 2,500 units in FoCo's 20X3 ending inventory is $32,500. FoCo has the following merchandise purchases during 20X4: 1,700 units in May @ \$14; 3,500 units in June @ $19; and 2,300 in October @ \$21. Calculate the cost of the 1,200 units in ending inventory. a. $20,532 b. $16,632 c. $22,176 d. $25,200