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.)

$54,648.

$52,648.

$68,880.

$66,880.