Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2018 with $69,000 in inventory of its only product. The beginning inventory consisted of the following layers:4,500 units at $6 per unit $ 27,000 6,000 units at $7 per unit 42,000 Total $ 69,000 During 2018, 6,500 units were purchased at $8 per unit and during 2019, 8,000 units were purchased at $9 per unit. Sales, in units, were 8,000 and 14,000 during 2018 and 2019, respectively. Required:1. Calculate cost of goods sold for 2018 and 2019.2. Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2018 and 2019.

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.