X i Data Table Total Total Manufacturing Job Date Cost of Job Costs Added No. Started Finished Sold at September 30 in October 1 9/03 9/12 9/13 1,500 2 9/03 10/01 1,000 3 9/17 10/24 10/27 800 $ 1,100 4 9/29 10/29 11/03 900 1,700 5 10/08 10/12 10/14 850 6 10/23 11/06 11/09 500 Print Done White Manufacturing makes carrying cases for portable electronic devices. Ils 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 White using? What plece of data did you base your answer on? White uses a job order casting system. We know this because White'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 September 30 and October 31. Compute White's account balances at September 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances 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, followed by the October schedule. White Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For September and October Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Job Cost Job Cost Job Cost September 30 Total Total Total October 31: Total Total Total Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for September and October. (Record debits first, then credits. Exclude explanations from any journa entries.) Debit Credit Record September's entry first. Date Accounts Sep. 30 Finished Goods Inventory Work-in-Process Inventory T Now record October's entry. Date Accounts Debit Credit Oct. 31 Finished Goods Inventory Work-In-Process Inventory Requirement 4. Record the sale of Job 3 for $2,100 on account. (Record debits first, then credits. Exclude explanations from any joumal entries.) First, record the revenue related to the sale of job 3 on account Date Accounts Debit Credit Accounts Receivable Sales Revenue Requirement 4. Record the sale of Job 3 for $2,100 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 Date Accounts Debit Credit Accounts Recevable Sales Revenue Now record the cost of goods sold for Job 3. Date Accounts Debit Credit Cost of Goods Sold Finished Goods Inventory Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. Sales Revenue Less: Cost of Goods Sold Gross profit X i Data Table Total Total Manufacturing Job Date Cost of Job Costs Added No. Started Finished Sold at September 30 in October 1 9/03 9/12 9/13 1,500 2 9/03 10/01 1,000 3 9/17 10/24 10/27 800 $ 1,100 4 9/29 10/29 11/03 900 1,700 5 10/08 10/12 10/14 850 6 10/23 11/06 11/09 500 Print Done White Manufacturing makes carrying cases for portable electronic devices. Ils 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 White using? What plece of data did you base your answer on? White uses a job order casting system. We know this because White'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 September 30 and October 31. Compute White's account balances at September 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances 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, followed by the October schedule. White Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For September and October Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Job Cost Job Cost Job Cost September 30 Total Total Total October 31: Total Total Total Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for September and October. (Record debits first, then credits. Exclude explanations from any journa entries.) Debit Credit Record September's entry first. Date Accounts Sep. 30 Finished Goods Inventory Work-in-Process Inventory T Now record October's entry. Date Accounts Debit Credit Oct. 31 Finished Goods Inventory Work-In-Process Inventory Requirement 4. Record the sale of Job 3 for $2,100 on account. (Record debits first, then credits. Exclude explanations from any joumal entries.) First, record the revenue related to the sale of job 3 on account Date Accounts Debit Credit Accounts Receivable Sales Revenue Requirement 4. Record the sale of Job 3 for $2,100 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 Date Accounts Debit Credit Accounts Recevable Sales Revenue Now record the cost of goods sold for Job 3. Date Accounts Debit Credit Cost of Goods Sold Finished Goods Inventory Requirement 5. What is the gross profit for Job 3? Compute gross profit for Job 3. Sales Revenue Less: Cost of Goods Sold Gross profit