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 system. We know this because Bob's costing records show costs being accumulated for each Data table Date Total Manufacturing Costs Added in December Requirements 1. Which type of costing system is Bob using? What piece 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 Job No. Started Finished Sold Total Cost of Job at November 30 Job No. 1 11/03 11/12 11/13 $ 1,600 Job No. 2 11/03 11/30 12/01 1,200 Job No. 3 11/17 12/24 12/27 600 $ 800 Job No. 4 11/29 12/29 1/03 700 1,300 Job No. 5. 12/06 12/12 12/14 950 4. Job No. 6 12/23 1/06 1/09 5. 1,100 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 Record the sale of Job 3 for $1,500 on account What is the gross profit for Job 37 Print Done Print Done