Amoeba Manufacturing Company Provided the Following Information for the Year

question 67

Multiple Choice

Amoeba Manufacturing Company provided the following information for the year 2015: $$\begin{array} { l | r | } \hline \text { Purchases-Raw Materials } & \$ 90,000 \\\hline \text { Plant Utilities \& Insurance } & 67,500 \\\hline \text { Indirect Materials } & 11,750 \\\hline \text { Indirect Labor } & 4,750 \\\hline \text { Direct Materials Used in Production } & 96,000 \\\hline \text { Direct Labor } & 117,500 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 6,000 \\\hline \text { Cost of Goods Manufactured } & 290,850 \\\hline \text { Cost of Goods Sold } & 304,550 \\\hline\end{array}$$ The inventory account balances as of January 1^st 2015 are given below.
$$\begin{array} { | l | r | } \hline \text { Raw Materials Inventory } & \$ 42,000 \\\hline \text { Work-in-Process Inventory } & 12,000 \\\hline \text { Finished Goods Inventory } & 49,500 \\\hline\end{array}$$ What is the ending balance in the finished goods inventory?

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

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Definitions:

Pull Marketing

Marketing efforts designed to cultivate customer desires and expectations so the customer will demand more product, effectively pulling the product through the production and distribution process

Product Excitement

The enthusiasm and interest generated among consumers for a new or improved product, often through marketing and promotional activities.

Marketing Strategy

A marketing strategy is a business's overall plan for reaching and converting potential customers into buyers of its products or services, utilizing resources to maximize market share and profit.

Guerilla Marketing

An advertising strategy that uses unconventional and low-cost tactics to promote a product or service.