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Maxim Corp. has provided the following information about one of its products: Number of Units Cost per Unit Date 1/1 Transaction Beginning Inventory Purchase Purchase
Maxim Corp. has provided the following information about one of its products: Number of Units Cost per Unit Date 1/1 Transaction Beginning Inventory Purchase Purchase 300 $160 6/5 11/10 500 200 $180 $220 During the year, Maxim sold 600 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice
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