Problem 3-3 Inventories (LO 3.2) Lawrence owns a small candy store that sells ane 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 August 15 10,000 boxes at $1.60 20,000 boxes at $1.70 10,000 boxes at $1.80 $16,000 34,000 November 20 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 15,000 X Cost of goods sold 60,000 x