Fargo Engines Incorporated Sells Part Number 45G to Toy Manufacturers

question 68

Multiple Choice

Fargo Engines Incorporated sells part number 45G to toy manufacturers around the world.Information about part number 45G is contained in the table below.Fargo uses a weighted-average periodic inventory system. Determine the cost of goods sold and ending inventory cost of part 45G if 2,000 units remain unsold in inventory at the end of the accounting period.

• A)Cost of goods sold is $66,133 and ending inventory is $17,467.
• B)Cost of goods sold is $66,267 and ending inventory is $25,733.
• C)Cost of goods sold is $65,803 and ending inventory is $26,197.
• D)Cost of goods sold is $66,880 and ending inventory is $16,720.

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