ABC Company operates two service departments, quality control andmaintenance, and two production departments, cutting and finishing.Service department costs are allocated to production departmentsusing a sequential two-stage allocation method. Quality controldepartment costs are allocated on the basis of number of inspectionsand maintenance department costs are allocated on the basis ofmachine hours. In the second stage, departmental overhead rates forthe two production departments are calculated using direct laborhours as the activity for each department. Information for the fourdepartments is given below:               Q.C.  Maintenance  Cutting  FinishingDirectly trace overhead  $142,000  $240,000   $316,800  $339,600 Number of inspections    5,000   5,000    14,000   6,000Machine hours        50,000   20,000    22,000   28,000Direct labor hours      N/A    N/A    20,000   10,000The company has just completed job #603, which required 20 direct laborhours in the cutting department and 50 direct labor hours in the finishingdepartment. The direct material and direct labor cost for job #603 totaled$1,840. Job #603 consisted of a total of 100 units. 70 of those units weresold to a customer. ABC Company sets the selling prices of its products at150% of manufacturing cost.Calculate the amount of gross profit ABC Company earned on the sale of the70 units from job #603.