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
Number of Units Unit Cost Total Cost
Beginning inventory 2,000 $8.00 $16,000
Purchase 3,000 $8.20 $24,600
Purchase 5,000 $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.
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.
C
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