A distraught employee, Guy Pirault-Manne, put a torch to a manufacturing plant on a blustery day, 26 February 2018. The resulting blaze completely destroyed the plant and its contents. Fortunately, certain accounting records were kept in another building. They revealed the following for the period from 1 January 2018 to 26 February 2018:

Direct materials purchased .............................................................................          €3.2 million
Work in progress, 1 January 2018 .........................................................................   €680,000
Direct materials, 1 January 2018 ........................................................................      €320,000
Finished goods, 1 January 2018 ..........................................................................      €600,000
Indirect manufacturing costs ..................................................................................  40% of conversion costs
Revenues ..................................................................................                                    €10 million
Direct manufacturing labour ..................................................................................   €3.6 million
Prime costs ..................................................................................                                 €5.88 million
Gross margin percentage based on sales ...........................................................     20%
Cost of goods available for sale .........................................................................        €9 million

The loss was fully covered by insurance. The insurance company wants to know the historical cost of the stocks as one factor considered when negotiating a settlement.

Required

Calculate the cost of:

1. Finished goods stock, 26 February 2018.

2. Work-in-progress stock, 26 February 2018.

3. Direct materials stock, 26 February 2018.