Steele Corporation has the following information for January, February, and March 2011: There were no beginning inventories for January 2011, and all units were sold for $50.Costs are stable over the three months.
What is the February ending inventory for Steele Corporation using the absorption costing method?
A) $39,000
B) $45,000
C) $135,000
D) $300,000

Question

Steele Corporation has the following information for January, February, and March 2011:  There were no beginning inventories for January 2011, and all units were sold for $50.Costs are stable over the three months.
What is the February ending inventory for Steele Corporation using the absorption costing method?
A) $39,000 
B) $45,000 
C) $135,000 
D) $300,000

Quizplus · Accepted Answer

The Answer of Steele Corporation has the following information for January, February, and March 2011:  There were no beginning inventories for January 2011, and all units were sold for $50.Costs are stable over the three months.
What is the February ending inventory for Steele Corporation using the absorption costing method?
A) $39,000 
B) $45,000 
C) $135,000 
D) $300,000

Steele Corporation Has the Following Information for January, February, and March