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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
The cost of warehouse space is allocated to three inventories: raw materials, workinprocess, and finished goods. The inventories use the warehouse space in the ratio of to to respectively. If the total warehouse space is million square metres, at a cost of $million how much of the cost should be allocated to each of the inventories?
Inventories Cost
Raw materials
$ million
Workinprocess
$ million
Finished goods
$ million
Round to four decimal places as needed.
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