9) Maxim Corp. has provided the following information about one of its products:

Date

Transaction

Number of

Units

Cost per Unit

1/1

Beginning Inventory

200

$140

6/5

Purchase

400

$160

11/10

Purchase

100

$20

During the year, Maxim sold 400 units.

What is cost of goods sold using the average cost method?

A) $48,000.

B) $64,000.

C) $50,000.

D) $62,000.