On 24 December after the close of business, a devastating fire at Solaris Pharmaceutical destroyed the firm's raw materials and finished goods inventories. The following information is available: Sales revenue, 1 January to 24 December 1,980,000 Purchases, 1 January to 24 December 270,000 Direct labour cost, 1 January to 24 December 720,000 Cost of goods available for sale, 1 January to 24 December 1,500,000 Raw material inventory, 1 January 60,000 Finished goods inventory, 1 January 222,000 Gross profit margin 30% The firm's accountant determines that the cost of direct materials used normally averages 25% of prime costs. Required: 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.