Vango,Incsells Part Number 86Z to Auto Parts Stores Around the World.Information

question 234

Multiple Choice

Vango,Inc.sells part number 86Z to auto parts stores around the world.Information about part number 86Z is contained in the table below.Vango uses a FIFO perpetual inventory system. Determine the cost of goods sold and ending inventory value of part 86Z,if 4,000 units remain unsold in inventory at the end of the accounting period.

• A)Cost of goods sold is $49,200 and ending inventory is $34,400.
• B)Cost of goods sold is $34,400 and ending inventory is $49,200.
• C)Cost of goods sold is $50,160 and ending inventory is $33,440.
• D)Cost of goods sold is $51,200 and ending inventory is $32,400.

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Definitions:

Deamination

Deamination is the biochemical process that removes an amino group from an amino acid, resulting in the release of ammonia and alteration of the amino acid structure, often taking place in the liver.

Amino Group

An amino group is a functional group consisting of a nitrogen atom attached to two hydrogen atoms (–NH2) and is a fundamental component of amino acids and thus proteins.

Amino Acids

Organic compounds that serve as the building blocks of proteins. They contain an amino group and a carboxylic acid group, and they vary by the side chain attached to their alpha carbon.

Nitrogenous Waste

Waste products containing nitrogen, such as urea, ammonia, and uric acid, produced by the metabolism of proteins and nucleic acids in organisms.