Question
Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 220 $
Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 220 $ 144 6/5 Purchase 420 $ 164 11/10 Purchase 120 $ 204 During the year, Maxim sold 440 units. What is ending inventory using the average cost method? (Do not round intermediate computations.)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
