The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods....
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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 3 2 3 ratio of to to 10 3 10' respectively. If the total warehouse space is 8.8 million square metres, at a cost of $12.3044 million, how much of the cost should be allocated to each of the inventories? Inventories Cost Raw materials $ million Work-in-process $ million Finished goods $ million (Round to four decimal places as needed.) 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 3 2 3 ratio of to to 10 3 10' respectively. If the total warehouse space is 8.8 million square metres, at a cost of $12.3044 million, how much of the cost should be allocated to each of the inventories? Inventories Cost Raw materials $ million Work-in-process $ million Finished goods $ million (Round to four decimal places as needed.)
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