The Oak Company builds kitchen cabinets. On January 1, 2016, one job (D42) was in progress. The order is from Dallas Apartment Corporation and was begun on December 21, 2015. Costs accumulated to date on that job are materials, $1,040; labor, $1,500; and overhead, $900. During January, the following costs were incurred in production work on Job D42 and on Jobs J01 and J02, which were started on January 5, 2016:

Job J01 is being manufactured for Luxery Cabinets, and Job J02 is for stock.
Manufacturing overhead is applied at the rate of 60 percent of direct labor costs. During January, actual manufacturing overhead costs of $4,910 were incurred. Job D42 was completed on January 19 and was delivered to the customer. The sales price was $10,000.
INSTRUCTIONS
1. Prepare job order cost sheets for the three jobs. Enter the beginning balances applicable to Job D42.
2. Post the costs of the materials and labor for January to the job order cost sheets.
3. Enter the overhead amounts that should be applied to the three jobs worked on during the month on the job cost sheets.
4. Give the entry in general journal form to transfer the cost of the job completed from work in process to finished goods.
5. Compute the amount of underapplied or overapplied overhead for January. Give the entry in general journal form to transfer your result to Cost of Goods Sold.
Analyze:
If The Oak Company sold the five cabinets referenced in Job D42 to Dallas Apartment Corporation for a new total invoice price of $10,350, what gross profit amount was realized on the job? Assume that no overapplication or underapplication of overhead occurred on this job.

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Materials Labor Overhead Quantity Job D42 Job JO1 Job J02 S 600 2,600 4,600 5 S 600 3,000 4,000 S 360 1,800 2,400