A firm makes special assemblies to customers’ orders and job costing. The data for the period are: Job No.AA10 Job No.BB15 Job No.CC20 $ $ $Opening WIP 26,800 42,790 0Material added in period 17,275 0 8,500Labour for the period 14,500 3,500 24,600The budgeted overhead for the period were $126,000.Overhead are absorbed on the basis of labour costs.What was the approximate value of closing WIP at the end of the period?