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

question 72

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 LIFO periodic 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:

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Habitual upright walking.

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A diet that is high in calories per serving, typically containing high levels of fat and sugar.

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