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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 250 $

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 250 $ 150 6/5 Purchase 450 $ 170 11/10 Purchase 150 $ 210 During the year, Maxim sold 500 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice $61,912. $74,500. $76,500. $59,912.

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