Question: At the end of a period for a particular process the total costs incurred are: materials £20,000, labour £25,000, overheads £15,000. At the end of the period there are 12,000 completed units and 4,000 units in work in progress. The 4,000 units are 75% complete materials, 50% complete labour and 25% complete overheads. Calculate the value of the completed units and the work in progress.