ILLUSTRATION 9 A fire occurred in the factory premises on October 31, 2018. Th accounting records have been destroyed. Certain accounting records were kept in another building, They reveal the following for the period September 1, 2018 to October 31, 2018 $2,50,000 (i) Direct materials purchased (ii) Work in process inventory, 1-9-2018 $40000 (iii) Direct materials inventory, 1-9-2018 $20000 (iv) Finished goods inventory, 1-9-2018 $37750 4070 UT conversion cost $7,50,000 Indirect manufacturing costs Sales revenues (vii) Direct manufacturing labour $2,22,250 $3,97,750 (viii) Prime cost (ix) Gross margin percentage based on revenues (x) Cost of Goods available for sale 30% $5,55,775 The loss is fully covered by insurance. The insurance company wants to know the historica cost of the inventories as a basis for negotiating a settlement, although the settlement is actually t be based on replacement cost, not historical cost. Required: (i) Finished goods inventory, 31-10-2018 (ii) Work-in-process inventory, 31-10-2018 (iii) Direct materials inventory, 31-10-2018