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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of...

Maxim Corp. has provided the following information about one of its products:

Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 290 $ 158
6/5 Purchase 490 $ 178
11/10 Purchase 190 $ 218

During the year, Maxim sold 580 units.

What is ending inventory using the average cost method? (Do not round intermediate computations.)

$87,220.

$72,144.

$70,144.

$85,220.

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