Amoeba Manufacturing Company Provided the Following Information for the Year

question 7

Multiple Choice

Amoeba Manufacturing Company provided the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Purchases-Raw Materials } & \$ 90,000 \\\hline \text { Plant Utilities \& Insurance } & 67,500 \\\hline \text { Indirect Materials } & 11,750 \\\hline \text { Dirdirect Labor } & 4,750 \\\hline \text { Direct Materials Used in Production } & 96,000 \\\hline \text { Direct Labor } & 117,500 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 6,000 \\\hline\end{array}$$ 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 Raw Materials Inventory account?

• A) $54,000
• B) $6,000
• C) $111,000
• D) $24,250

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Definitions:

Thorndike's Law Of Effect

A psychological principle stating that behaviors followed by satisfying consequences are more likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Skinner's Theory

A theory developed by B.F. Skinner that emphasizes operant conditioning, where behavior is shaped and maintained by its consequences, including reinforcements and punishments.

Pavlov's Theory

A theory posited by Ivan Pavlov that emphasizes the role of conditioned reflexes in the occurrence of certain behaviors through classical conditioning.

Köhler's Insight Learning

A cognitive process theorized by Wolfgang Köhler, where a sudden realization of a problem's solution occurs, leading to a quick and often lasting solution.