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

question 133

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.

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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

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