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Bob Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: 3 Click the icon to view the costing records.)
Bob Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: 3 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? system. We know this because Bob's costing records show costs being accumulated for each Bob uses a job order costing 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. Bob Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For November and December Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Job Cost Job Cost Job Cost November 30: 3 $ 1,000 2. $ 1,100 1 $ 1,500 4 400 $ 1,400 $ 1,100 1,500 Total Total Total December 31: 6 7004 7 700 Total Total Total 1 Data Table Date Total Manufacturing Total Cost of Job Costs Added in at November 30 December Job No. Started Finished Sold Job No. 1 11/03 11/12 11/13 $ 1,500 Job No. 2 11/03 11/30 12/01 1,100 Job No. 3 11/17 12/24 12/27 1,000 $ 1,200 Job No. 4 11/29 12/29 1/03 400 1,500 Job No. 5 12/08 12/12 12/14 750 Job No. 6 12/23 1/06 1/09 700 Print Done
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