Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased $122,200
Direct materials used 82,600
Direct labor used 55,000
Total factory overhead 108,300
Work in process inventory, beginning of year 29,200
Cost of goods manufactured 234,000

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.