404 Help Save & Exit Submit The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing costs. The data relate to April operations. (1) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X, $7,800. Job 406, material X, $3,800; material Y, $6,800. Job 407, material X, $7,800; material Y. $4,000. For general factory use: materials A, B, and C, $3,100. (2) Time tickets for the month were chargeable as follows: Job 405 $14,100 3,800 hours Job 406 14,800 4,400 hours Job 407 8,800 2,700 hours Indirect labor 4,500 (3) Other information: Factory paychecks for $37,500 were issued during the month. Various factory overhead charges of $20,200 were incurred on account Depreciation of factory equipment for the month was $6,200. Factory overhead was applied to jobs at the rate of $4.00 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $2,900. Factory overhead is closed out only at the end of the year. If Job 406 was sold on account for $49,500, how much gross profit would be recognized for the job?