During March, the following costs were incurred for each job: Oak Poplar Magnolia Direct materials $1,200 $8,000 $2,100 Direct labor* $1,800 $4,800 $360 *Direct labor wages average $20 per direct labor hour. Pine $3,000 $1,200 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 $5 per direct labor hour. Actual manufacturing overhead for March was $2,000. Given that MOH is closed to cost of goods sold at the end of each month, which of the following statements is correct? A. Two of the jobs were "completed but not sold" at the end of March. B. The sales revenue for the month was $23,348. C. The gross profit reported on March's income statement was $5,440. D. The ending work in process inventory reported on March's balance sheet was $7,050. E. Manufacturing overhead was underallocated by $260 during March