Sutherland Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information:

Requirements
1. Which type of costing system is Sutherland 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 October 31 and November 30. Compute Sutherland'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.
3. Prepare journal entries to record the transfer of completed jobs from Work-in- Process Inventory to Finished Goods Inventory for October and November.
4. Record the sale of Job 3 for $2,200 on account.
5. What is the gross profit for Job 3?

Total Manufacturing Costs Added in Total Cost Date Job of Job at Started Finished Sold October 31 November No. $ 1,400 10/03 10/12 10/13 10/03 1,900 10/30 11/01 $ 1,100 11/24 1,000 10/17 11/27 10/29 11/29 12/03 600 1,400 11/08 11/12 11/14 750 11/23 12/06 12/09 1,100 6.