MaMkhize Limited uses a job costing system. Overheads vary on the basis of direct labour cost. The following information is available: Three jobs were worked on during the month, the details were as follows: Queston Not yet an Marked out Flag que Job 1 Job 2 Job 3 R R R Opening work in process 8.500 0 46 000 Materials 17 150 29 025 0 Labour 12 500 23 000 4 500 The budgeted overheads for the month amounted to R140 000. Jobs 1 and 2 were the only incomplete jobs. What was the value of the closing inventory of work-in-process?