closing work in progress

First calculate the overheads per $ of labour. You are told what the total overheads are and what the total labour costs were. Jobs 1 and 2 were still incomplete and were therefore still work in progress, The value of Job 1 icloing work in progress is the opening work in progress, plus the material in the period, plus the labour in the period, plus the overheads (using the absorption rate as in my first sentence). It is the same working for job 2. (However, why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers - they have answers together with the workings.)

Hi good morning, I am also attempting this question and I understand the workings but how is that the calculation for closing WIP? Are we assuming that with all the work done in the month, we have not completed any units? Since we are taking the full production cost of the month for both job 1 and 2. Usually when we have closing WIP we need to calculate the completed units and deduct them? Not sure whats missing for me to understand this question.. Thanks, Sara

This is job costing (not process costing) and the question says that the two jobs have not been completed. It is not a question of having completed some units and not having completed other units - the whole of the job is still not complete and therefore the whole job remains work-in-progress.