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

question 58

Multiple Choice

Steele Corporation has the following information for January, February, and March 2011: There were no beginning inventories for January 2011, and all units were sold for $50.Costs are stable over the three months.
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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Definitions:

Kinesthetic Receptors

Sensory receptors located in muscles, joints, and tendons that detect bodily movement, position, and tension, contributing to the sense of proprioception.

Body Position

The arrangement or posture of the body, which can significantly affect health, comfort, and physical performance.

Movements

Actions or activities of changing position or place, or the potential for change in the physical position of the body or of objects.

Pressure

The force exerted on a surface area divided by the total area on which the force is exerted; often related to gases or liquids in scientific contexts.