Using the course material (lecture and reading), discuss how hierarchy (control of information, people and decisions) differs in a bureaucratic organization and at Valve Corporation. Specifically, explain how authority is gained (and lost) in a bureaucracy and at Valve, and how important decisions are made. Finally (and this is very important), reach a conclusion about whether Valve's structure is more or less beneficial to workers than is a traditional bureaucratic organization, and then support your position.

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: