Maxim Corp During the Year, Maxim Sold 400 Units

question 15

Multiple Choice

Maxim Corp. has provided the following information about one of its products: $\begin{array}{clrr}\text { Date }&\text { Transaction } &\text { Number of Units }&\text { Cost per Unit }\\\hline1 / 1 & \text { Beginning Inventory } & 200 & \$ 140 \\6 / 5 & \text { Purchase } & 400 & \$ 160 \\11 / 10 & \text { Purchase } & 100 & \$ 200\end{array}$ During the year, Maxim sold 400 units. What is ending inventory using the average cost method?

• A) $48,000.
• B) $64,000.
• C)$50,000.
• D)$62,000.

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Definitions:

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Soma

The cell body of a neuron, containing the nucleus and metabolic machinery necessary for cell maintenance and function.

Intercalated Discs

Intercalated discs are specialized connections between cardiac muscle cells that facilitate the synchronized contraction of the heart.

Cardiac

Pertaining to the heart, its function, or its diseases.