Jorst Manufacturing began business on January 1, 2014. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end: Jorst's allocation of overhead costs left a debit balance of $1,200 in the Manufacturing Overhead account which was adjusted to zero at year-end. What was the amount of gross profit earned in 2014?

Question

Jorst Manufacturing began business on January 1, 2014. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end:  Jorst's allocation of overhead costs left a debit balance of $1,200 in the Manufacturing Overhead account which was adjusted to zero at year-end. What was the amount of gross profit earned in 2014?

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The Answer of Jorst Manufacturing began business on January 1, 2014. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end:  Jorst's allocation of overhead costs left a debit balance of $1,200 in the Manufacturing Overhead account which was adjusted to zero at year-end. What was the amount of gross profit earned in 2014?

Jorst Manufacturing Began Business on January 1, 2014