Fenwick Corporation's manufacturing and finished goods warehouse facilities burned to the ground on January 31 . The loss was fully covered by insurance. The insurance company wanted to know the cost of the inventories destroyed in the fire: The company's accountants gathered the following information: Assume that actual manufacturing overhead was exactly equal to the amount applied to production at the time of the fire. Required: a. Compute the cost of materials inventory (assume materials inventory is comprised entirely of direct materials) lost in the fire. b. Compute the cost of work in process inventory lost in the fire. c. Compute the cost of finished goods inventory lost in the fire