Findell Company specializes in producing clothing and textiles. In August, 2021, the company was hit hard by a fire that broke out from the factory. All inventories held in the warehouse and factory were destroyed, including the main office. Jon the company's financial controller and Jane, the cost accountant were at the site after the fire was put out to recover whatever documents they could. Jon hoped they would be able to salvage enough documents necessary to file an insurance claim.

Jane managed to recover some manufacturing cost data and so did Jon. This information was obtained from documents salvaged from the fire.

	$
Direct labour in August	240,000
Raw material purchases for August	355,000
Raw materials used in August	340,000
Sales in August	1140,000
Gross profit ratio	40% of sales
Cost of goods available for sale for August	760,000
Manufacturing overhead	60% of direct labour
Raw materials inventory (July 31st)	18,000
Work-in process inventory (July 31st)	24,000
Finished Goods inventory (July 31st)	37,000

After putting the information together, Jon exclaims to Jane "I think we may be able to file that insurance claim after all! Let's get to work!".

Required:

Determine the value of inventories on hand on the date of the fire. (Show all working, step by step)

            a. Raw materials inventory                                                                 

            b. Work in process inventory                                                              

            c. Finished goods inventory