Golden Heaven Ltd. Manufactures custom kitchen cabinets and uses a job costing system. On January 1, 2015, there were no balances in work-in-process or finished goods inventories. The following events occurred in January 2015: 1. The company began two jobs: Job CC456 (comprising 40 tables) and Job DD789 (comprising 60 chairs). 2. 400 square metres of timber were purchased at a total cost of $5,800. 3. 80 litres of glue were purchased at a cost of $6 per litre. 4. The following materials were issued during the month: Issue 1: Job CC456 200 square metres of timber Issue 2: Job DD789 150 square metres of timber Issue 3: 20 litres of glue to be used on each job 5. The following number of direct labour hours was spent on the two jobs: Job CC456: 200 direct labour hours Job DD789: 100 direct labour hour Actual direct labour cost per hour was $30. 6. Overhead should be charged to each job on the basis of $25 per direct labour hour. 7. Job CC456 was completed and 30 tables from the job were sold for a total price of $15,000. Job DD789 was unfinished at month-end. REQUIRED a. Calculate the inventory value at month-end of Raw materials Work in process Finished goods b. Calculate both, the cost of goods sold and the gross profit for the month.