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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?
tableInventoriesCostRaw materials,$ million,Workinprocess,$ million,Finished goods,$ million,
Round to four decimal places as needed.
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