A firm uses job costing. Details of the three jobs worked on during a period are:

	JOB 11	Job 22	Job 33
	$	$	$
Opening work in progress	22,760	3,190	-
Direct materials in the period	4,620	11,660	14,335
Direct labour in the period	12,125	10,520	7,695

Overheads are absorbed at 40% of prime cost in each period. Jobs 22 and 33 remained incomplete at the end of the period. What is the value of the closing Work in progress?

a.

$61,894

b.

$66,360

c.

$65,084

d.

$68,952