Theele Corporation
Theele Corporation Has the Following Information for April

Multiple Choice

Theele Corporation
Theele Corporation has the following information for April, May, and June: $\begin{array}{llll}&\text { April}&\text { May}&\text { June }\\\text { Units produced } & 10,000 & 10,000 & 10,000 \\\text { Units sold } & 7,000 & 8,500 & 10,500\end{array}$ Production costs per unit (based on 10,000 units) are as follows: $$\begin{array} { l l } \text { Direct materials } & \$ 13 \\\text { Direct labour } & 9 \\\text { Variable manufacturing overhead } & 7 \\\text { Fixed manufacturing overhead } & 5 \\\text { Variable selling and administrative expenses } & 10 \\\text { Fixed selling and administrative expenses } & 4\end{array}$$ The company had no beginning inventories for April, and all units were sold for $55 per unit. Costs are stable over the three months.
-Refer to Theele Corporation. What is the May ending Finished Goods Inventory using the absorption costing method?

A) $39,000
B) $45,000
C) $153,000
D) $300,000