LaFleur Company has the following balances as of the year ended December 31, 2018. 
Additional information is as follows:
Required:
a.Compute beginning direct materials inventory.
b.Compute beginning WIP inventory.
c.Compute beginning finished goods inventory.
d.Compute actual factory overhead incurred.
Definitions:
Strategic Planning Pitfall
Common traps or mistakes made during the strategic planning process that can hinder an organization's success.
Strategic Leadership
The ability to influence others to voluntarily make decisions that enhance the prospects for the organisation's long-term success.
Incrementalism
A policy or decision-making process based on making small changes or adjustments, rather than large leaps, to gradually reach a desired outcome.
Strategic Planning
The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.
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