Compute the cost of goods transferred out and the ending inventory using the weighted-average method. The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory Direct materials $ 991 Conversion costs 332 Current period costs Direct materials 13,100 Conversion costs 6,485 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 650 units (60% complete as to materials, 54% complete as to conversion) Current period units started 4,400 units Ending inventory 1,300 units (40% complete as to materials, 20% complete as to conversion)

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.