Natural pulp Ltd, a manufacturer of paper and paper board had a flood that destroyed the company's work in process and finished goods inventories on 1 July, 2014. All raw materials escaped damage because they were stored in a warehouse situated on the hill. The following information is available. The management accountant of the company estimated that the manufacturing overhead is 40% of the company's total manufacturing costs. REQUIRED: Prepare estimates of the following that were destroyed by the flood. a) The cost of Work in Process. b) The cost of finished goods inventories