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

question 46

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 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:

Rhinoplasty

A surgical procedure designed to reshape or repair the nose for either aesthetic or functional purposes.

Thoracentesis

is a medical procedure involving the removal of fluid or air from the pleural space via a needle or tube to diagnose or treat disease.

Chest Wall

Refers to the structures that enclose and protect the thoracic cavity, including the ribs, sternum, and intercostal muscles.

Fluid

A substance that flows and can take the shape of the container that holds it; can be a liquid or gas.