Maxim Corp. has provided the following information about one of its products: Date 1/1 Number...
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Accounting
Maxim Corp. has provided the following information about one of its products: Date 1/1 Number of Units 230 Cost per Unit Transaction Beginning Inventory Purchase Purchase $146 6/5 11/10 430 130 $166 $206 During the year, Maxim sold 460 units. What is ending inventory using the average cost method? (Do not round intermediate computations.) Multiple Choice $71,380. $69,380 $55,031 $57,031
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