Process B had no opening inventory. 13,500 units of raw material were transferred in at 4.50 per unit. Additional material at 1.25per unit was added in process. Labour and overheads were 6.25 per completed unit and 2.50 per unit incomplete. If 11,750 completed units were transferred out, what was the closing inventory value in Process B?

(a) 6,562.50

(b) 12,250.00

(c) 14,437.50

(d) 25,375.00