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What is ending inventory using the average cost method

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Reference no: EM132699130

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 300 $160

1/1 Purchase 500 $180

1/1 Purchase 200 $220

During the year, Maxim sold 600 units.

Required - What is ending inventory using the average cost method?

Reference no: EM132699130

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