K The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories 1 1 2 use the warehouse space in the ratio of to to 7, respectively. If 8 3 the total warehouse space is 8.9 million square metres, at a cost of $12.6875 million, how much of the cost should be allocated to each of the inventories? Inventories Cost Raw materials $2.15625 million Work-in-process $5.625 million Finished goods $9.7813 million (Round to four decimal places as needed.)