Requirements 1. Which type of costing system is Stratton 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 September 30 and October 31. Compute Stratton'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. 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for September and October. 4. Record the sale of Job 3 for $2,400 on account. 5. What is the gross profit for Job 3? Print Done Stratton Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information EEE (Click the icon to view the costing records.) Read the tequirements Requirement 2. Use the dates in the table to identify the status of each job at September 30 and October 31. Compute Stratton'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 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 September schedule first, followed by the October schedule. Date Stratton Manufacturing Computation of Work-in-Process Inventory Finished Goods Inventory, and Cost of Goods Sold Finished Goods Inventory For September and October Work-in-Process Inventory Job Cost Job September 30 Cost Cost of Goods Sold Job Cost Total Total Total Data table Date Job No. Started Finished Sold Total Cost of Job at September 30 Total Manufacturing Costs Added in October Job No. 1 9/03 9/12 9/13 1,100 Job No. 2 9/03 9/30 10/01 1,300 Job No. 3 9/17 10/24 10/27 400 $ 1,200 Job No. 4 9/29 10/29 11/03 1,000 1,400 Job No. 5 10/08 10/12 10/14 750 Job No. 6 10/23 11/06 11/09 200 Print Done -X jo it ba ods