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 February ending inventory for Steele Corporation using the absorption costing method?
A)$39,000
B)$45,000
C)$135,000
D)$300,000

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 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 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 February ending inventory for Steele Corporation using the absorption costing method?
A)$39,000 
B)$45,000 
C)$135,000 
D)$300,000