Requirement 1. Which type of costing system is Bob using? What piece af data you base yeur answer on? Bob uses a system. We know this beceusee Bob's costing records show costs being accumulated each Requirement 2. Usn November 30 for Work-in-Process Invenlory, 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 enler a zero.) edates in the table to identify the sintus of onch jab at October 31 and November 30. Campute Bob's account balances at Octaber 31 for Work-in-Pracess Inventory, Finished Goads Inventary, and Cost of Goods Sold. Compute, by jab, account balances at Prepare the Octaber schedule first, fallawed the November schedule. Data Table Bob Manufacluring Computation ofWork-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold Total For October and November Manufacturing Total Work-in-Process Inventory Finished Goods Inventory Coet of Goods Sold Dale Date Cost of Job Costs Added Job Job Cost Job Cost Con Na Started Finished Sold at October 31 n November October 31: 10/03 10/12 10/1 1.900 1003 10/30 11/0: 1.700 10/17 11/24 11/27 900 S 1,000 Total Toda Tatal 10/29 11/29 12/03 1.200 1,300 11/08 11/12 11/14 650 November 30 11/23 12/06 12/09 500 Print Done Tata Taial Tatal Requirement 3. Prepere journal entries to record the tranefer of completed jobs from Work-in-Process Inventory Finished Goods Inventory for October and November. (Record debite firet then credit. Exclude explanatons from any joumal entries.I Requiremant 3. Prepare jaumal entries to record the transfer af campleted jobs from Work-in-Pracess Inventory ta Finishad Goads Inventory far October and November. (Record debits first, then credits. Exclude explanations from any joumal entries.) Record Octobers entry first Debit Date Accounts Credit Oct 31 Now racord November's entry Date Accounts Debil Credit Nov. 30 Jab 3 for $2,300 on aocount (Record debits first, then credits. Exclude explanations from any joumal entries.) Requirement Record the sale First, record the revenue related to the sale of job 3 on account. Debi Date Accounts Credit Now record the cost of goods sold for Job 3 Date Accounts Debit Credit Requirement 5. What the gross profit for Job 3? Compute gross profit for Job 3