The Big Table Co. produced a batch of 20 tables during June on Job 2487.

The following materials were issued to Job 2487:

Twenty hours of labour were charged to the job. The labour cost is \($20\) per hour. Overhead is charged to jobs on the basis of \($20\) per labour hour. After Job 2487 was completed and placed into finished goods inventory, 15 tables were sold at a unit price of \($450.
Calculate:
1. The total job cost and the cost per table 

2. The cost of goods sold 

3. The value of inventory 

4. The gross profit for the tables that were sold

Transcribed Image Text:

Units Units Cost Plastic 100 $12 Timber 70 20 Metal 15 35