Needham Company Uses a Job Order Cost System The Company Applies Overhead at 120% of Direct Labor Cost

Needham Company uses a job order cost system.During the month of September,the company worked on three jobs.The job order cost sheets for the three jobs contained the following information at the end of September: $\begin{array}{|l|r|r|r|}\hline & {\text { Job A }} & {\text { Job B }} &{\text { Job C }} \\\hline \text { Beginning Balances } & \$ 4,000 & \$ 3,000 & \$ 6,000 \\\hline \text { Direct Materials } & 1,000 & 1,600 & 2,000 \\\hline \text { Direct Labor } & 2,400 & 4,600 & 1,800 \\\hline\end{array}$ The company applies overhead at 120% of direct labor cost. If Job B was sold for $16,000,what was the amount of gross margin for this job? (Ignore any consideration of overunderapplied- or overunderapplied overhead. )

A) $6,800
B) $5,880
C) $1,280
D) $14,720