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

question 100

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 weighted average cost 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:

PID Controller

A proportional–integral–derivative controller used in industrial control systems to continuously calculate an error value and apply correction.

Optimum Performance

The most efficient and effective level of functioning of a system or device.

Menu Costs

The costs incurred by firms in order to change their prices, including costs related to printing new menus, re-tagging items, or advertising new prices.