(Job Costing) 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: The total job cost and the cost per table The cost of goods sold The value of inventory The gross profit for the tables that were sold