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: Month Line Item Description Amount March 1 10,000 boxes at $1.55 $15,500 August 15 20,000 boxes at $1.65 33,000 November 20 10,000 boxes at $1.70 17,000 At the end of the year, Lawrences inventory consisted of 16,000 boxes of candy.