Fisher Ltd manufactures custom furniture and uses a job costing system. On 1 January 2008, there were no balances in work-in-progress or finished goods inventories.

The following events occurred in January 2008:

• The company began two jobs - A101 (comprising 40 tables) and B202 (comprising 60 chairs).

• 400 square metres of timber were purchased at a total cost of £5,800.

• 80 litres of glue were purchased at a cost of £6 per litre.

• The following materials were issued during the month:

Issue no. 1: Job A101-200 square metres of timber Issue no. 2: Job B202-150 square metres of timber Issue no. 3: 20 litres of glue were used on each job

• The following amount of direct labour hours were spent on the two jobs:

A101: 200 direct labour hours B202: 100 direct labour hour.

Actual direct labour cost per hour was £30.

• Overhead should be charged to each job on the basis of £25 per direct labour hour.

Job A101 was completed, and 30 tables from the job were sold for a total price of £15,000. Job B202 was unfinished at month end.

Calculate the inventory value at month end of:
• Raw materials • Work-in-progress • Finished goods Calculate the cost qf sales and gross profit for the month.