Hartley 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 Hartley using? What piece of data did you base your answer on? Hartley uses a system. We know this because Hartley's costing records show costs being accumulated for each Requirement 2. Use the dates in the table to identify the status of each job at November 30 and December 31. Compute Hartley'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. Data Table Date Hartley Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For November and December Work-in-Process Inventory Finished Goods Inventory Job Cost Job Total Manufacturing Total Cost of Job Costs Added in at November 30 December Date Cost of Goods Sold Job No. Started Finished Sold Cost Job Cost Job No. 1 11/03 11/12 11/13 $ 1,900 November 30: Job No. 2 11/03 11/30 12/01 1,100 Job No. 3 11/17 12/24 12/27 200 $ 1,500 Total Total Total 4 11/29 12/29 1/03 600 1,700 Job No. 5 12/08 12/12 12/14 300 December 31: Job No. 6 12/23 1/06 1/09 700 Print Done Total Total Total Requirement 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 debits first, then credits. Exclude explanations from any journal entries.) Record November's entry first. Date Accounts Debit Credit Requirements Nov. 30 Choose from any list or enter any number in the input fields and then continue to the next question. 1. Which type of costing system is Hartley 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 Hartley'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 Hartley 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 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 debits first, then credits. Exclude explanations from any journal entries.) Record November's entry first. Date - Accounts Debit Credit Data Table Nov. 30 Date Total Manufacturing Total Cost of Job Costs Added in at November 30 December Now record December's entry. Job No. Started Finished Sold Date Accounts Debit Credit Job No. 1 11/03 11/12 11/13 $ 1,900 11/03 Job No. 2 11/30 12/01 1,100 Dec. 31 Job No. 3 11/17 12/24 12/27 200 $ 1,500 11/29 12/29 1/03 600 1,700 Job No. 4 Job No. 5 12/08 12/12 12/14 300 Job No. 6 12/23 1/06 1/09 700 Requirement 4. Record the sale of Job 3 for $2,100 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the revenue related to the sale of job 3 on account. X Requirements Date Accounts Debit Credit 1. Which type of costing system is Hartley 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 Hartley'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 Now record the cost of goods sold for Job 3. Date Accounts Debit Credit 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 $2,100 on account 5. What is the gross profit for Job 3? Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Done Requirement 4. Record the sale of Job 3 for $2,100 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the revenue related to the sale of job 3 on account. Job No. Started Finished Sold JOD at November 30 OSIS Added in December Job No. 1 11/03 11/12 11/13 $ 1,900 Date Accounts Debit Credit Job No. 2 11/03 11/30 12/01 1,100 Job No. 3 11/17 12/24 12/27 200 $ 1,500 Job No. 4 11/29 12/29 1/03 600 1,700 Job No. 5 12/08 12/14 12/12 1/06 300 700 Job No. 6 12/23 1/09 Now record the cost of goods sold for Job 3. Requirements Date Accounts Debit Credit Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. 1. Which type of costing system is Hartley 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 Hartley'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 $2,100 on account. 5. What is the gross profit for Job 3? Gross profit Choose from any list or enter any number in the input fields and then continue to the next question. Print Done