Lawrence owns a small candy store that sells one type of candy. His beginning inventory of candy was made up of 10,000 boxes costing $1.50 per box ($15,000), and he made the following purchases of candy during the year: March 1. 10,000 boxes at $1.60 $16,000
August 15 20,000 boxes at $1.70 34,000 November 20 10,000 boxes at $1.80 18,000

At the end of the year, Lawrence's inventory consisted of 15,000 boxes of candy.

a. Calculate Lawrence's ending inventory and cost of goods sold using the FIFO inventory valuation method.

Ending inventory $

Cost of goods sold $

b. Calculate Lawrence's ending inventory and cost of goods sold using the LIFO inventory valuation method.

Ending inventory. $

Cost of goods sold. $
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When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.