Bluebird Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information:

Job No.	Date			Total Cost of Job at October 31	Total Manufacturing Costs Added in November
	Started	Finished	Sold
1	10/3	10/12	10/13	$1,900
2	10/3	10/30	11/1	1,800
3	10/17	11/24	11/27	400	$1,500
4	10/29	11/29	12/3	800	1,200
5	11/8	11/12	11/14		550
6	11/23	12/6	12/9		700

"Requirements: 1. Which type of costing system is Bluebird using? What piece of data did you base your answer on? "2. Use the data in the table to identify the status of each job. Compute Bluebird's account balance at October 31 for Work in process inventory, Finished goods inventory, and Cost of goods sold. Compute, by job, account balances at November 30 for Work in process inventory, Finished goods inventory, and Cost of goods sold." 3. Prepare journal entries to record the transfer of completed units from Work in process to Finished goods for October and November. 4. Record the sale of Job 3 for $2,100. 5. What is the gross profit for Job 3? What other costs must this gross profit cover?