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50) Jupiter Manufacturing began business on January 1, 2014. During its first year of operation, Jupiter worked on five industrial jobs, and reported the following

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50) Jupiter Manufacturing began business on January 1, 2014. During its first year of operation, Jupiter worked on five industrial jobs, and reported the following information at year-end: Job 1 Job 2 Job 3 Job4 3,500 12,000 20,000 13,000 12,000 7,500 Job 5 1,500 800 200 Not Sep 1Oct 15 Nov 1 completed N/A N/A Direct Materials Direct Labor Allocated Mfg. Overhead1,500 1,000 7,500 4,000 2,500 6,000 Job completed: Job sold Revenues: Jun 30 Jul 10 Sep 12 Not sold Not sold N/A 25,00039,000 N/A Jupiter's allocation of overhead costs left a debit balance of $1,200 in the Manufacturing Overhead account which was adjusted to zero at year-end. What was the amount of gross profit earned in 2014? A) $14,800 B) $17,200 C) $1,700 D) $16,000

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