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Vango, Inc. sells part number 86Z to auto parts stores around the world. Information about...

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Accounting

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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 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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