Consider the following statements about the two-stage cost allocation process.
i. Costs in various cost pools are distributed to all departments, including support and production departments.
ii. Support department costs are allocated to production departments.
iii. Costs are assigned to each production department that has worked on the product.
Which statement/s is/are correct?

A) i, ii and iii
B) i and iii
C) iii
D) ii

The FIRST trust in the United States was established by _____ in the _____ industry.

A) AT&T;communications
B) Walt Disney;entertainment
C) Amtrak;transportation
D) Standard Oil;petroleum

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $390,000 and credit sales are $1,300,000. An aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? a. Bad Debt Expense $17,000$
Allowance for Doubtful Accounts $17,000$
b. Bad Debt Expense $19,500$
Allowance for Doubtful Accounts $19,500$
c. Bad Debt Expense     ~~~~     22,000
Allowance for Doubtful Accounts $22,000$
d. Bad Debt Expense      ~~~~~      65,000
Allowance for Doubtful Accounts $65,000$

Barrister and Company began July with a finished goods inventory of $10 000. The cost of goods manufactured during the month was $85 000 and the ending finished goods inventory was $20 000.
The cost of goods sold during July was:

A) $55 000.
B) $75 000.
C) $95 000.
D) $105 000.