Figure 8-8. Steele Corporation has the following information for January,February,and March 2011:
Production costs per unit (based on 10,000 units)are as follows:
There were no beginning inventories for January 2011,and all units were sold for $50.Costs are stable over the three months.
Refer to Figure 8-8.What is the March ending inventory for Steele Corporation using the variable costing method?
A)$120,000
B)$104,000
C)$260,000
D)$15,000

Question

Figure 8-8. Steele Corporation has the following information for January,February,and March 2011:
 Production costs per unit (based on 10,000 units)are as follows:
 There were no beginning inventories for January 2011,and all units were sold for $50.Costs are stable over the three months.
Refer to Figure 8-8.What is the March ending inventory for Steele Corporation using the variable costing method?
A)$120,000 
B)$104,000 
C)$260,000 
D)$15,000

Quizplus · Accepted Answer

The Answer of Figure 8-8. Steele Corporation has the following information for January,February,and March 2011:
 Production costs per unit (based on 10,000 units)are as follows:
 There were no beginning inventories for January 2011,and all units were sold for $50.Costs are stable over the three months.
Refer to Figure 8-8.What is the March ending inventory for Steele Corporation using the variable costing method?
A)$120,000 
B)$104,000 
C)$260,000 
D)$15,000