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

Steele Corporation has the following information for January, February, and March:
$\begin{array}{lccc} & \text { January } & \text { February } & \text {March}\\ \text { Units produced } & 10,000 & 10,000 &10,000\\ \text { Units sold } & 7,000 & 8,500&10,500 \\\end{array}$


$\begin{array}{lr}\text { Production costs per unit (based on 10,000 units) are as follows: }\\\text { Direct materials } & \$ 12 \\\text { Direct labour } & 8 \\\text { Variable factory overhead } & 6 \\\text { Fixed factory overhead } & 4 \\\text { Variable selling and admin. expenses } & 4 \\\text { Fixed selling and admin. expenses } &\end{array}$
-Refer to the figure.There were no beginning inventories for January,and all units were sold for $50.Costs are stable over the three months. What is the March ending inventory for Steele Corporation using the variable costing method?

A) $15,000
B) $104,000
C) $120,000
D) $260,000