The board of directors of ichiro corporation is considering whether or not it should instruct the accounting department to shift from a first-in, first-out (fifo) basis of pricing inventories to a last-in, first-out (lifo) basis. the following information is available. 21,000 units $50 6,000 units 20 6,000 units 22 10,000 units 25 7,000 unitsa 30 sales inventory, january 1 purchases inventory, december 31 8,000 units ? operating expenses$200,000 instructions prepare a condensed income statement for the year on both bases for comparative purposes.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?