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Od3-190 Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined overhead rate of 147% of direct labor cost. 0d3-190

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Od3-190 Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined overhead rate of 147% of direct labor cost. 0d3-190 Company began work on three jobs during 2044. Information related to the jobs is given below: Job G direct materials used ... ... ... $149,800 direct labor cost ..... . . ...... $120,090 units in the job .... . . . . ...... 10,080 units Job A direct materials used. . .. ...... $121,600 direct, labor cost ............. $150,080 units in the job .............. 10,090 units Job P direct materials used .... . . ... $153,000 direct labor cost . ..... . . ..... $110,060 units in the job ...... 10 000 units By the end of 2044, Job G and Job P were completed while Job A was not completed. During 2044, all of the units from Job G were sold and 6,060 of the units from Job P were sold. The following additional information is available: 1) 0d3-n90 Company had no inventories of any type at January 1, 2044. 2) The actual overhead cost for 2044 totaled $518,760 3) 0d3-n9Q Company prices its jobs at 70% above costs to manufacture. Calculate the amount of gross profit reported on 0d3-90 Company's 2044 income statement

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