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8.3 The Big Table Co. Produced a batch of 20 tables during June on Job 2487. The following materials were issued to Job 2487: 20
8.3 The Big Table Co. Produced a batch of 20 tables during June on Job 2487. The following materials were issued to Job 2487: 20 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: ? The total job cost and the cost per table ? The cost of sales ? The value of inventory ? The gross profit for the tables that were sold
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