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Maxim Corp. has provided the following information about one of its products: Number of Units Cost per Unit Date 1/1 235 $147 Transaction Beginning Inventory

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Maxim Corp. has provided the following information about one of its products: Number of Units Cost per Unit Date 1/1 235 $147 Transaction Beginning Inventory Purchase Purchase 6/5 11/10 435 135 $167 $207 During the year, Maxim sold 470 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice $58,236. $56,236. $70,645. $72,645

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