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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 210 $142
Maxim Corp. has provided the following information about one of its products:
Date | Transaction | Number of Units | Cost per Unit |
1/1 | Beginning Inventory | 210 | $142 |
6/5 | Purchase | 410 | $162 |
11/10 | Purchase | 110 | $202 |
During the year, Maxim sold 420 units. |
What is ending inventory using the average cost method? (Do not round intermediate computations.) |
$52,305.
$66,420.
$64,420.
$50,305.
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