Solve the following allocation problem. The cost of warehouse space is allocated to three inventories. Raw materials inventories use one-third of the space, work-in-progress inventories use one-sixth of the space, and finished goods inventories use three-eights of the space. If the total space is 9.8 million square metres, at a cost of $9.03 million, how much of the cost should be allocated to each of the inventories? Raw Materials Work-In-Progress= Finished Goods = Express your answer is millions of dollars, correct to 2 decimal places. Do not include the $ sign in your answers. Don't indicate thousands with a comma
Solve the following allocation problem. The cost of warehouse space is allocated to three inventories. Raw materials inventories use one-third of the space, work-in-progress inventories use one-sixth of the space, and finished goods inventories use three-eights of the space. If the total space is 9.8 million square metres, at a cost of $9.03 million, how much of the cost should be allocated to each of the inventories? Raw Materials Work-In-Progress= Finished Goods = Express your answer is millions of dollars, correct to 2 decimal places. Do not include the $ sign in your answers. Don't indicate thousands with a comma
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Solve the following allocation problem.
The cost of warehouse space is allocated to three inventories. Raw materials inventories use one-third of the space, work in progress
inventories use one-sixth of the space, and finished goods inventories use three-eights of the space. If the total space is 9.8 million square
metres, at a cost of $9.03 million, how much of the cost should be allocated to each of the inventories?
Raw Materials =
Work-In-Progress=
Finished Goods =
Express your answer is millions of dollars, correct to 2 decimal places.
Do not include the $ sign in your answers.
Don't indicate thousands with a comma ",".
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