Figure 7-2
Steele Ltd. 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.
-The following information pertains to Stark Ltd.: What is the value of ending inventory using the variable costing method?
A) £310,000
B) £250,000
C) £200,000
D) £390,000

Question

Figure 7-2
Steele Ltd. 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.
-The following information pertains to Stark Ltd.:  What is the value of ending inventory using the variable costing method?
A) £310,000 
B) £250,000 
C) £200,000 
D) £390,000

Quizplus · Accepted Answer

The Answer of Figure 7-2
Steele Ltd. 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.
-The following information pertains to Stark Ltd.:  What is the value of ending inventory using the variable costing method?
A) £310,000 
B) £250,000 
C) £200,000 
D) £390,000

Figure 7-2 Steele Ltd. Has the Following Information for January, February, and February