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:

REM Sleep Behaviour Disorder

A sleep disorder characterized by the acting out of dreams during the REM (Rapid Eye Movement) stage of sleep.

Dream

During sleep, a person experiences a flow of images, thoughts, and emotional reactions in their mind.

Flail

A tool consisting of a handle attached to a striking head by a flexible joint, used historically for threshing grain or in a weapon context.

Somnambulism

Somnambulism, also known as sleepwalking, is a disorder that involves walking or performing other activities while appearing to be asleep.