Requirement 1. Which type of costing system is Bob using? What piece of data did you base your answer on? Bob uses a job order costing system. We know this because Bob's costing records show costs being accumulated for each 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 Cost of Goode Sold Finished Gooda Inventory Job Cast 2 $ 1.100 Joh Cost November 30 Work-in-Process Inventory Job Cost 3 S 1.000 4 400 S 1,400 Total 1 $ 1.500 S 1,100 Total S Total 1 1,500 December 31: S 700 4 5 1.900 S 5 2,200 750 5 1.100 2 S 700 S 1,900 S 4,050 Total Total Total Requirement 3. Prepare jumal 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 explanation from any joumal entries.) Record November's entry first Date Accounts Debit Credit Nov 30 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