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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
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. Number of Units Unit Cost Total Cost Beginning inventory $8.00 2,000 $16,000 Purchase 3,000 $8.20 $24,600 5 000 Purchase $8.60 $43,000 Totals 10,000 $83,600 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 O A. Cost of goods sold is $49,200 and ending inventory is $34,400. O B. Cost of goods sold is $50,160 and ending inventory is $33,440. O C. Cost of goods sold is $51,200 and ending inventory is $32,400. O D. Cost of goods sold is $34,400 and ending inventory is $49,200
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