Amoeba Manufacturing Company Provided the Following Information for the Year

question 25

Multiple Choice

Amoeba Manufacturing Company provided the following information for the year 2017:
$$\begin{array} { | l | l | } \hline \text { Purchases - raw materials } & \$ 91,000 \\\hline \text { Plant electricity, gas \& insurance } & 67,500 \\\hline \text { Indirect materials } & 11,990 \\\hline \text { Indirect labour } & 4200 \\\hline \text { Direct materials used in production } & 99,000 \\\hline \text { Direct labour } & 117,500 \\\hline \text { Depreciation on factory plant \& equipment } & 7000 \\\hline \text { Cost of goods manufactured } & 291,500 \\\hline \text { Cost of sales } & 291,000 \\\hline\end{array}$$
The inventory account balances as of 1 January 2017 are given below.
$$\begin{array} { | l | l | } \hline \text { Raw materials inventory } & \$ 41,000 \\\hline \text { Work in process inventory } & 12,000 \\\hline \text { Finished goods inventory } & 30,456 \\\hline\end{array}$$
What is the ending balance in the finished goods inventory?

• A) $30,956
• B) $30,456
• C) $321,956
• D) $261,044

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Definitions:

Metaphase II

A stage of meiosis II where sister chromatids align at the spindle equator, preparing for separation to opposite poles of the cell.

Secondary Oocyte

An immature egg cell that has completed the first meiotic division and is released during ovulation.

Prophase I

The first stage of meiosis I where chromosomes condense, pair up, and exchange genetic material through crossing over.

Mature Follicle

An ovarian follicle that has fully developed and is ready to release an egg during ovulation.