The following information was taken from the footnotes in the 2008 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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2008 2007 Raw materials and supplies S 905 $ 839 1,372 2,841 Goods in process Finished goods 1,385 2,821 55.052 S5,110