Amoeba Manufacturing Company Provided the Following Information for the Year

question 29

Multiple Choice

Amoeba Manufacturing Company provided the following information for the year 2015: The inventory account balances as of January 1^st 2015 are given below. What is the ending balance in the finished goods inventory?

• A)$49,500
• B)$63,200
• C)$35,800
• D)$24,650

Understand the economic basis for the provision of police protection and other public services through taxation.

Recognize the importance and method of government regulation in preventing collusion among firms and protecting market competition.

Explain the concept of opportunity cost and how it affects decisions related to household production and hiring professionals.

Understand the characteristics that define a public good and how they differ from private goods.