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Maxim Corp

Question 68

Multiple Choice

Maxim Corp. has provided the following information about one of its products: Maxim Corp. has provided the following information about one of its products: During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method? A) $48,000. B) $64,000. C) $50,000. D) $62,000. During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method?


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

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