On 24 December after the close of business, a devastating fire at Solaris Pharmaceutical destroyed the firms raw materials and finished goods inventories. The following information is available:

	$
Sales Revenue, 1 Jan to 24 Dec	1,980,000
Purchases, 1 Jan to 24 Dec	270,000
Direct Labour Cost, 1 Jan to 24 Dec	720,000
Costs of goods available for sale, 1 Jan to 24 Dec	1,500,000
Raw material inventory, 1 Jan	60,000
Finished goods inventory, 1 Jan	222,000
Gross profit margin	30%

Solaris Pharmaceutical is in the process of negotiating a settlement with its insurance company. Compute an estimate on the cost of the following that were destroyed by the fire:

(i) Raw material inventory.

(ii) Finished goods inventory.