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Maxim Corp. has provided the following information about one of its products: Date 1/1 6/5 11/10 Transaction Beginning Inventory Purchase Purchase Number of Units 290

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Maxim Corp. has provided the following information about one of its products: Date 1/1 6/5 11/10 Transaction Beginning Inventory Purchase Purchase Number of Units 290 490 190 Cost per Unit $158 $178 $218 During the year, Maxim sold 580 units. What is cost of goods sold using the average cost method? (Do not round intermediate computations.) What is cost of goods sold using the average cost method? (Do not round intermediate computations.) Multiple Choice $75,420. $77,420. $104,316 $106,316

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