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 Mayberry Ltd.: What is the value of the ending inventory using the variable costing method?
A) £240,000
B) £360,000
C) £350,000
D) £420,000

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 Mayberry Ltd.:  What is the value of the ending inventory using the variable costing method?
A) £240,000 
B) £360,000 
C) £350,000 
D) £420,000

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 Mayberry Ltd.:  What is the value of the ending inventory using the variable costing method?
A) £240,000 
B) £360,000 
C) £350,000 
D) £420,000

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