Given the following data solve the following question

Total period costs: $300 000 Sales Price: $20 000 per unit

Gross margin: 37.5% Prime costs: 40% of COGM

Direct Labour: 1/3 of conversion costs COGS: $1 000 000

Conversion Costs: 60% of COGM

Cost of Goods Available for Sale: 40% more than COGS

Opening Finished Goods Inventory: $400 000

Ending WIP: 20% of COGM Opening WIP: $250 000

Raw materials purchases: 75% of Direct materials costs

Ending Raw materials: 250 000

calculate the total wip value for this period