MiCo opens for business On December 31, 20X3, there are 900 units of merchandise i s inventory $11. MiCo's 20X4 merchandise purchases are as ess in 20X3 and uses the periodic method and LIFO a follows: February 4 March 10 July 7 October 21 1,200 $14 2,000 $15 3,300 $18 4,200 $20 If MiCo's December 31, 20X4 physical count shows 1,500 units itn inventory, then ending inventory on MiCo's balance sheet will be ndin a. $21,300 b. $30,000 c. $18,300 d. $21,900 CuCo, which begins business in 20X8, uses the periodic method and LIFO costing. CuCo's 20X8 merchandise purchases are as follows: 27. January3 April 16 September 25 December 4 2,200 $5 1,800 @ $8 3,000@ $6 1,100 @9 If CuCo's December 31, 20x8 ending inventory is 300 units, its 20X8 cost of goods sold is .. b. $50,600 c. $49,900 d. $52,100 a. $51,800 KoCo begins operations in 20X1 and uses the periodic method. In March, 20X1, KoCo buys 700 units $4; in July, it buys 2,700 units $6, and in November, it buys 1,600 units@$8. Using LIFO, what is the cost of the 1,900 units in ending inventory? 28. d. $7,600 b. $15,200 c. $14,600 a. $10,000