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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 265 $153

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 265 $153 6/5 Purchase 465 $173 11/10 Purchase 165 $213 During the year, Maxim sold 530 units. What is cost of goods sold using the average cost method?

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