Stratton 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 1. Which type of costing system is Stratton using? What piece of data did you base your answer on? Stratton uses a system. We know this because Stratton'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 Stratton'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. Stratton 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 Cost Date Cost of Goods Sold Job Cost Choose from any list or enter any number in the input fields and then continue to the next question Tollowing information. i Data Table atton using? W Date know this beca y the status of nces at Decem Total Manufacturing Total Cost of Job Costs Added in at November 30 December Job No. Started Finished Sold 10 for W but field Job No. 1 11/03 11/12 11/13 $ 1,500 ne December sc Job No. 2 11/03 11/30 12/01 1,100 on Manufacturin Job No. 3 11/17 12/24 12/27 900 $ 1.000 Work-in-Proces Job No.4 11/29 12/29 1/03 400 1,400 entory, and Cos Job No. 5 12/08 12/12 12/14 450 ember and Decel Job No. 6 12/23 1/06 1/09 300 Finished G Job Print Done input fields and then continue to the next question. Read the requirements. Un seienaaver vremei a Zerv.) Prepare the November schedule first, followed by the December schedule. Stratton Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For November and December Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Job Cost Job Cost Job Cost November 30: Total Total Total December 31 Choose from any list or enter any number in the input fields and then continue to the next question. Stratton 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. November 30 Total Total Total December 31 Total Total Total Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods In on the last line of the journal entry table.) Record November's entry first. Debit Accounts and Explanation Date Credit Choose from any list or enter any number in the input fields and then continue to the next question (Click the icon to view the costing records.) Read the requirements. LULE 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 on the last line of the journal entry table) Record November's entry first Date Accounts and Explanation Debit Credit Nov. 30 Now record December's entry Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Stratton 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. Now record December's entry. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 4. Record the sale of Job 3 for $2,100 on account (Record debits first, then credits. Select the explanation on the last line of First, record the revenue related to the sale of job 3 on account. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Stratton 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. . Date Accounts and Explanation Debit Credit Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. Gross profit