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

question 89

Multiple Choice

Steele Corporation has the following information for January, February, and March:
Production costs per unit (based on 10,000 units) are as follows:
There were no beginning inventories for January, 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

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