The cost of warehouse space is allocated to three inventories: raw materials, work- in-process, and finished goods.

Question:

The cost of warehouse space is allocated to three inventories: raw materials, work- in-process, and finished goods. The inventories use the warehouse space in the ratio of one-third to one-sixth to three-eighths, respectively. If the total warehouse space is 9.6 million square meters, at a cost of $11.55 million, how much of the cost should be allocated to each of the inventories?