Bob Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: (Click the icon to view the costing records.) Read the requirements. Requirement 1. Which type of costing system is Bob using? What piece of data did you base your answer on? Bob uses a job order costing system. We know this because Bob's costing records show costs being accumulated for each job. Requirement 2. Use the dates in the table to identify the status of each job at November 30 and December 31. Compute Bob's account balances at November 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances at December 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. (If an input field is not used in the schedule, leave the input field empty; do not select a label or enter a zero.) Prepare the November schedule first, followed by the December schedule. Date Bob Manufacturing Computation of Work-in-Process Inventory. Finished Goods Inventory, and Cost of Goods Sold For November and December Work-in-Process Inventory Job Cost November 30: Finished Goods Inventory Job Cost Cost of Goods Sold Job Cost Total Total Total Data table Date Job No. Started Finished Sold Total Cost of Job at November 30 Total Manufacturing Costs Added in December Job No. 1 11/03 11/12 11/13 $ 1,200 Job No. 2 11/03 11/30 12/01 1,500 Job No. 3 11/17 12/24 12/27 200 $ 1,700 Job No. 4 11/29 12/29 1/03 800 1,500 Job No. 5 12/08 12/12 12/14 750 Job No. 6 12/23 1/06 1/09 400 Requirements 1. Which type of costing system is Bob using? What piede of data did you base your answer on? 2. Use the dates in the table to identify the status of each job at November 30 and December 31. Compute Bob's account balances at November 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances at December 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for November and December. 4. Record the sale of Job 3 for $2,000 on account. 5. What is the gross profit for Job 3? ->