Oregon lumber processes timber into 4 products. During Janua

Oregon lumber processes timber into 4 products. During January the joint cost of processing were $280,000. there was no beginning information at the beginning of the month.  Production and sales information for the month was as follow:Product(1) = 2 x 4’s , Board feet (6,000,000), Sales value of Split off point $.30 per boardfoot, Ending inventory ( 500,000 bdft)product (2) 2 x 6’s boardfeet ( 3,000,000), sales value of splitoff point (.40 per boardfoot) ending inventory (250,000)product (3) 4×4’s boardfeet (2,000,000) sales value at splitoff point (.45 per boardfoot) ending inventory (100,000 bdft)Product 4= slabs  board feet(1,000,000,) sales valve at split off point (.10 per bdft) ending inventory (50,000 bdft)Questions: Determine the value of ending inventory if the sales value at splitoff method is used for product costing . round to 3 decimal places when necessary

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