Maxim Corp. has provided the following information about one of its products: Number of Units Cost per Unit Date 1/1 240 $148 Transaction Beginning Inventory Purchase Purchase 6/5 11/10 440 140 $168 $208 During the year, Maxim sold 480 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice $59,452. $71,920. $57,452 $73,920. Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 180 280 380 240 Cost per Unit $ 880 $ 980 $ 1,080 $ 1,130 During the year, Lauer sold 950 laptop computers. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $146,900. $134,400. $114,400. $146,400. Tinker's cost of goods sold in the year of sale (2019) was $800,000 and 2018 cost of goods sold was $820,000. The inventory at the end of 2019 was $193,000 and at the end of 2018 the inventory was $213,000. Tinker's average number of days to sell its inventory during 2019 is closest to: (Use 365 days a year. Do not round intermediate calculations.) Multiple Choice 90.36 days 94.81 days 92.62 days 88.06 days