Problems Group A 284 Analyzing cost data, recording completion and sales of jobs Go Brandon Manufacturing makes carrying cases for portable electronic devices. Its * costing records yield the following information: Total Manufacturing Costs Added in November Job No. Started Total Date Cost of Job finished Sold at October 31 10/12 10/13A $1,000 (10/30 - 11/01 ' 1,300 11/24 11/27 600 11/29 12/03 500 11/12 11/14 12/06 12/09 10/03 10/03 10/17 10/29 11/08 11/23 13 $ 800 1,600 350 100 6 Requirements 1. Which type of costing system is Brandon using? What piece of data did you base your answer on? Joborder or Process costing iub has a specific date 2. Use the dates in the table to identify the status of each job at October 31 and November 30. Compute Brandon's account balances at October 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances at November 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. 13. Prepare journal entries to record the transfer of completed jobs from Work-in-proce Inventory to Finished Goods Inventory for October and November. 4. Record the sale of Job 3 for $2,400 on account. 5. What is the gross profit for Job 3