Steele corporation has the following information for january, february, and march: february january march 10,000 units produced 10,000 10,000 7,000 8,500 units sold 10,500 production costs per unit (based on 10,000 units) are as follows: direct materials $12 direct labor 8 variable factory overhead 6 fixed factory overhead variable selling and admin. expenses 10 fixed selling and admin. expenses there were no beginning inventories for january, and all units were sold for $50. costs are stable over the three months. corporation using the variable costing method what rch ending inventory for steel th a. $15,000 b. $120,000 c. $104,000 d. $260,000