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 Only complete Requirements 2&5. Requirement 2. Use the dates in the table to identify the status of each job at October 31 and November 30. Compute Bob's account balances 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. (If a box is not used in the schedule, leave the box empty, do not select a label or enter a zero.) Prepare the October schedule first, followed by the November schedule. Bob Manufacturing Computation of Work-in-Process Inventory Finished Goods Inventory, and Cost of Goods Sold For October and November 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. Only complete Requirements 2& 5. Date For October and November Work-in-Process Inventory Finished Goods Inventory Job Cost Job Cost Cost of Goods Sold Job Cost October 31 Total Total Total November 30 Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. Gross profit Total Total Manufacturing Job Date Cost of Job Costs Added No. Started Finished Sold at October 31 in November 1 10/03 10/12 10/13 $ 1,800 2 10/03 10/30 11/01 1,900 3 10/17 11/24 11/27 300 $ 1,400 4 10/29 11/29 12/03 700 1,400 5 11/08 11/14 750 11/12 12/06 6 11/23 12/09 600 Print Done i Requirements - x 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 October 31 and November 30. Compute Bob's account balances 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 jobs from Work-in-Process Inventory to Finished Goods Inventory for October and November 4. Record the sale of Job 3 for $2,000 on account. 5. What is the gross profit for Job 3