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Huntley Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: (Click the icon to view the costing records.) Requirement 1. Which type of costing system is Huntley using? What piece of data did you base your answer on? Huntley uses a job order costing system. We know this because Huntley'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 November 30 and December 31. Compute Huntley'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. (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 November schedule first, followed by the December schedule. Date November 30: December 31: Huntley 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 Cost Job Job 3 4 Total 6 Total $ $ Cost 600 700 1,300 2 $ Total 4 Total S 1,100 1,100 2400 2400 Cost of Goods Sold Job Cost 1 Total 2 3 *** 5 Total $ $ 1,700 1,700 1100 2100

(Click the icon to vew the conting roosocht) Requirement 1. Which type of contro sylen is Huntey uving? What piece of data did you buse your anvwer on? Huntley uses at 5ytem Wo know this tecasue Huverers costing neconds show costs being accumulaled for each Huntey Manstacturing Computation or Woktan Procest inverion

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