Huntley Manufacturing riakes carrying casesfor portable electronic devices. Its oosting records yield the following information: Click the icon to view the costing records.) Read the requirements. Requirement 1. Which type of costing system is Huntley using? What piece of data did you base your answer on? Hurtley uses a system. We know this because Huntley's oosting records show costs being accurnulated for each Requirement 2. Use the dates in the table to identify the status of each job at Septber 30 and Oclober 31. Compute Huntley's accournt balances at Septeriber 30 for Work-in-Process Inventory, Finished Goods Inventory, arnd Cost of Goods Sold Compute, by job, account balanoes at October 31 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 September schedule first, to owed by the October schedule Huntley Manufacturing Finished Goods Inventory, and Cost of Goods Sold For Seplember and October Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold lob Cost lob Cost Job Cost otal Total Total October 31 Total Total otal Requirement 3. Prepare journal entries to record the transler of oompleted jobs from Work-in-Process Inventory to Finished Goods Inventory for Seplember and October. (Record debils first, then credils. Exclude explanalions from any journal entries.) Record September's entry first. Credit Date Accounts Debit Sep. 30 Now record October's entry. Date Accounts Debit Credit Oct. 31 Requirement 4. Record the sale of Job 3 for $2,200 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the revenue related to the sale of job 3 on account. Credit Date Debit Accounts Now record the cost of goods sold for Job 3. Debit Credit Date Accounts Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. Gross profit Choose from any list or enter any number in the input fields and then continue to the next question Data Table Total Total Manufacturing Date Job Cost of Job Costs Added Sold at September 30 No. Started Finished in October 9/13$ 9/03 9/12 1,700 10/01 1,000 9/03 9/30 10/24 500 $ 10/27 1,200 10/29 4 9/29 11/03 200 1,200 10/14 10/08 10/12 950 10/23 300 6 11/06 11/09 Print Done