Clement Manufacturing makes carrying cases for portable et de correcorded the following information IH (Click the icon to view the costing records) Read the Requirement 1. Which type of conting system in Clementing? What piece of data did you base your answer on? system. We know this because Cerer conting records show cos being stod for each Requirement. Use the date in the table to dertly the status of each other and over Compute Clemens Obr 31 for Work in process inventory Fished Goode vertory and out of Goode Compul, by, count balances at November 30 for Work in Process invertory Finished Goods Invertory, and out of Good Son Of a box is not used in the whole love the box ongly do not let wel orra Prepare the berhedule first, followed by the November schedule Computation of Wort Process Inventory Finished Goods inventory and cost of Goods Sold dobrand November Work Process inventory Fished Goods Inventory Com Job Cost Dube Cost of Sold ob Cost October 31 To ortable electronic devices. Its costing records yield the following information: i Data Table lement using? What pid e know this because C Total ify the status of each jo O for Work-in-Process in-Process Inver leave the box e Total Manufacturing Date Job Cost of Job Costs Added November schedule. No. Started Finished Sold at October 31 in November ent Manufacturing Work-in-Process Inver 1 10/03 10/12 10/13 $ 1,300 2 10/03 10/30 11/01 1,400 ventory, and Cost of Go 3 10/17 11/24 11/27 1,000 $ 900 tober and November 4 10/29 11/29 12/03 1,200 1.200 Finished Goods Id 11/08 5 11/12 650 11/14 Job d 6 11/23 12/06 12/09 500 Print Done Total input fields and then click Check Answer. Clear All for portable electronic devices. Its costing records yield the following information: is Clement using? What piec Requirements m. We know this because Cle Hk-in-Process Inv ile, leave the box identify the status of each job ber 30 for Work-in-Process In y the November schedule. Clement Manufacturing ion of Work-in-Process Inventa as Inventory, and Cost of Good or October and November 1. Which type of costing system is Clement 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 Clement'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 $2,300 on account. 5. What is the gross profit for Job 3? mtory Finished Goods Iny Job Coll Print Done Total in the input fields and then click Check Answer. Clear All GLE