Rings Company. The company use o g to account for manufacturing costs. The data relate to Ars The following selected data were taken from the books of the Owens operations AJ Materials and supplies were requisitioned from the seves clerk as follows Job 405, material X, $7.200. Job 406, material X $3,200, material Y $6.200 Job 407, material X $7.200, material Y $3.400 For general factory use materials AB, and $2,500 B) Time tickets for the month were chargeable as follows: Job 406 Job 407 Indirect labor $ 11.200 $ 14,200 S8.200 $ 3,900 300 hours 2100 hours c) Other information Factory paychecks for $36,900 were issued during the month. Various factory overhead charges of $19,600 were incurred on account Depreciation of factory equipment for the month was $5,600 Factory overhead was applied to jobs at the rate of $3.40 per direct inborhout Job orders completed during the month Job 405 and Job 406. Selling and administrative costs were $2,300 Factory overhead is closed out only at the end of the year Job 406 was sold on account for $43,500, how much gross profit would be recognized for the job? O O $4,800 $36,520. $19,700 $6.980. O