Oh-To-Tec uses normal costing. Factory overhead is applied to production at a predetermined rate of 225% of direct-labour cost. Any over or under-applied factory overhead is closed to the cost of goods sold account at the end of each month. Additional information is available as follows for October: - A transmission change job was started and completed during October. This was the only job during the month - Direct materials used: transmission replacement and oil totaled $1,000 - Total direct labour paid for the job is $800 - Total actual factory overhead was $1,600 for the month - Oh-To-Tec usually sells the job at 150% markup Calculate the gross profit that would show in the financial statements for October. $1,500$1,800$2,000$1,600