Athens Country Club Golf Shop manufactures custom golf clubs. On March $1,2$ jobs were in process: Bubba Clubs, which a beginning balance of $$14,000,$ and Rory Clubs, which had a beginning balance of $$10,000.$ During the month of March, two additional jobs were started: Tiger Clubs and Spieth Clubs. Additionally, during the month, all Bubba Clubs and Rory Clubs were sold. Tiger Clubs and Spieth Clubs remained in progress at the end of the month.

During the$$ month, the following costs were incurred for each$$ job:

Bubba Clubs

Rory Clubs

Tiger Clubs

Spieth Clubs

Direct Materials

$1,700$

$12,000$

$3,000$

$2,000$

Direct Labor

$2,400$

$6,000$

$600$

$5,100$

Direct Labor wages averaged $$20$ per direct labor hour during the period. The company uses a traditional, normal costing system to allocate manufacturing overhead to production. The predetermined manufacturing overhead rate calculated at the beginning of the year was $$10$ per direct labor hour. Actual manufacturing overhead for the month of March was $$7,000.$

Given that MOH is closed to Cost of Goods Sold at the end of each month, and the company uses a cost plus $15\%$ markup to price their products, which of the following statements is correct?

Question $6$ options:

The ending$$ Work$-$in$-$Progress Inventory reported on$$ March's balance sheet was$$ $$41,600.$

Manufacturing overhead was underallocated by$$ $$50$ during the month of March.

Sales Revenue for the month of March was$$ $$27,255.$

At the end of the$$ month, two projects were$$ "completed but not$$ sold."

Gross Profit reported on$$ March's income statement was$$ $$7,595.$