SOLUTION: Please Help me Solve : The cost of a warehouse is allocated to three inventories raw materials, work-in- process and finished goods. The inventories use the warehouse space in the

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Please Help me Solve : The cost of a warehouse is allocated to three inventories raw materials, work-in- process and finished goods. The inventories use the warehouse space in the      Log On


   

Question 1026002: Please Help me Solve :
The cost of a warehouse is allocated to three inventories raw materials, work-in- process and finished goods. The inventories use the warehouse space in the ratio of one-third to one-sixth to three-eighths, respectively. if the total warehouse space is 9.6 million square meters, at a cost of $11.55 MILLION, HOW Much of the cost SHOULD BE ALLOCATED TO EACH OF THE inventories?

Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
T=1%2F3%2B1%2F6%2B3%2F8=8%2F24%2B4%2F24%2B9%2F24=21%2F24=7%2F8
.
.
So then,
Raw=%28%281%2F3%29%2F%287%2F8%29%29%2811.55%29=%288%2F21%29%2811.55%29=4.4
WIP=%28%281%2F6%29%2F%287%2F8%29%29%2811.55%29=%287%2F48%29%2811.55%29=2.2
Finished=%28%283%2F8%29%2F%287%2F8%29%29%2811.55%29=%283%2F7%29%2811.55%29=4.95