Ogleby Inc During 2013, Ogleby Purchased $840,000 of Raw Materials, Incurred Direct

question 89

Multiple Choice

Ogleby Inc.'s accounting records reflect the following inventories: $\begin{array}{lrr}&\text { Dec. 31, } 2012&\text { Dec. 31, } 2013\\\text { Raw materials inventory } & \$ 120,000 & \$ 96,000 \\\text { Work in process inventory } & 156,000 & 174,000 \\\text { Finished qoods inventory } & 150,000 & 138,000\end{array}$ During 2013, Ogleby purchased $840,000 of raw materials, incurred direct labor costs of $150,000, and incurred manufacturing overhead totaling $192,000.
- How much would Ogleby Manufacturing report as cost of goods manufactured for 2013?

• A)$1,164,000
• B)$1,224,000
• C)$1,218,000
• D)$1,188,000

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Definitions:

Behavioral Intentions

An individual's planned or anticipated actions in a given situation, often studied in psychology and marketing as precursors to actual behavior.

Extended Fishbein

A model that extends the original Fishbein attitude model to incorporate additional predictors of behavior, including the subjective norm and perceived behavioral control.

Actual Behaviour

The real, observable actions performed by an individual, as opposed to intentions or beliefs.

Multi-attribute Attitude Models

Psychological models that describe how consumers evaluate products and services based on perceived attributes and how these evaluations influence their purchasing decisions.