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The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories use the warehouse space in the ratio

The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories use the warehouse space in the ratio of 5/12 to 1/5 to 3/7 respectively. If the total warehouse space is 8.4 million square metres, at a cost of $12.6871 million, how much of the cost should be allocated to each of the inventories?

Inventories + Cost

1. Raw materials

$ _____ million

2. Work-in-process

$ _______million

3. Finished goods

$ ________ million

(Round to four decimal places as needed.)

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