Clopack company manufactures one product that goes through one processing department called mixing. all raw materials are introduced at the start of work in the mixing department. the company uses the weighted-average method of process costing. its work in process t-account for the mixing department for june follows (all forthcoming questions pertain to june): work in process—mixing department june 1 balance 30,000 completed and transferred to finished goods ? materials 142,840 direct labor 91,500 overhead 109,000 june 30 balance ? the june 1 work in process inventory consisted of 4,800 units with $17,140 in materials cost and $12,860 in conversion cost. the june 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. during june, 37,300 units were started into production. the june 30 work in process inventory consisted of 8,000 units that were 100% complete with respect to materials and 50% complete with respect to conversion. required: 1. prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%