A distraught employee, Fang W. Arson, put a torch to a manufacturing plant on a blustery February 26. The resulting blaze destroyed the plant and its contents. Fortunately, certain accounting records were kept in another building. They reveal the following for the period from January 1, 2009, to February 26, 2009:

Direct materials purchased $160,000 Work-in-process inventory, 1/1/2009 $34,000 Direct materials inventory, 1/1/2009 $16,000 Finished goods inventory, 1/1/2009 $30,000 Manufacturing overhead costs 40% of conversion costs Revenues $500,000 Direct manufacturing labor $180,000 Prime costs $294,000 Gross margin percentage based on revenues 20% Cost of goods available for sale $450,000

The loss is fully covered by insurance. The insurance company wants to know the historical cost of the inventories as a basis for negotiating a settlement, although the settlement is actually to be based on replacement cost, not historical cost.

Calculate the cost of:

1. Finished goods inventory, 2/26/2009 2. Work-in-process inventory, 2/26/2009 3. Direct materials inventory, 2/26/2009