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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.