A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accounting records were kept in another building. They revealed the following for the period from January 1 to February 26:

Direct materials (DM) purchased in January $192,000 Work in process, January 1 40,800 Direct materials (DM), January 1 19,200 Finished goods, January 1 36,000 Indirect manufacturing costs 40% of conversion costs Revenues $ 600,000 Direct manufacturing labour (DML) 216,000 Prime costs 352,800 Gross margin percentage based on sales 20% Cost of goods available for sale $ 540,000 Required Calculate the cost of finished goods inventory, February 26.

Calculate the cost of work-in-process inventory, February 26.

Calculate the cost of direct materials inventory, February 26.