W P19-28A (similar to) Bob 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. wg puwe Bob uses a job order costing system. We know this because Bob's costing records show costs being accumulated for Requirement 2. Use the dates in the table to identify the status of each job at November 30 and December 31. Compute Bo Sold. Compute, by job, account balances at December 31 for Work-in-Process Inventory, Finished Goods Inventory, and Co 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 Work-in-Process Inventory Finished Goods Inventory Job November 30: 400 Date Cost of Goods Sold Job Cost Cost Job Cost 3 $ 2 $ 1,200 1 $ 2,000 300 4 $ 700 $ 1,200 $ 2,000 Total Total Total 3 400 December 31: 6 800 4 1,400 3 1,500 1.900 1,250 1.400 Total Total Total Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 5 parts remaining Question Help $ tion: ted for each job. oute Bob's account balances at November 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods 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.) Data Table Total Total Manufacturing Costs Added Job Date Cost of Job No. Started Finished Sold in December at November 30 $ 2,000 1 11/03 11/12 11/13 2 11/03 11/30 12/01 1.200 3 11/17 12/24 400 $ 1,500 12/27 1/03 4 11/29 12/29 300 1.100 450 12/08 12/12 1/06 12/14 1/09 6 12/23 800 Print Done Clear All Final Check * Requirements 1. Which type of costing system is Bob 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 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. 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 $2,200 on account. 5. What is the gross profit for Job 3? Print Done Final Check Clear All