Which one of the following statements about conflict is true? Inter-personal conflict can occur when there are value differences and unclear expectations between two or more people. Teams members who are in the performing phase of team development are trying to establish ground rules for all members to follow during team meetings. Intra-personal conflict can occur when there are differences in preferences and poor communications between groups of individuals. Organizations that experience low levels of conflict are consistently viewed as highly creative and forward thinking organizations.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: