The following information was taken from the footnotes in the 2019 annual report of Johnson & Johnson:

a. From information in the footnote alone, indicate whether Johnson & Johnson is a retailer, manufacturer, or service firm. Explain.
b. From information in the footnote alone, indicate whether Johnson & Johnson uses the LIFO or FIFO inventory cost flow assumption. Explain.

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2019 2018 Raw materials and supplies $1,117 $1,114 Goods in process 1,832 2,109 Finished goods 6,071 5,376 $9,020 $8,599