Question 19 2.5 pts South Bay Manufacturing began business on January 1. During its first year of operation, South Bay worked on five industrial jobs and reported the following information at year-end: South Bay's allocation of overhead costs left a debit balance of $1,100 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the amount of gross profit earned during the year? Supporting Materials h 3 Direct Materials Direct Labor Allocated Mfg. Overhead Job 1| 1,500 15,000 1,500 Job 2 7,900 21,500 7,800 Job 31 4,000 13.000 2,500 Job 4 Job 5 3,500 1,500 12,000 800 7,500 200 Not Nov 1| completed Not sold N/A N/A N/A Job completed: Job sold: Revenues: Jun 30 Jul 10 44,000 Sep 1 Sep 12 39,000 Oct 15 Not sold N/A $26,700 O $700 O $27,800 $24,900