Oregon Lumber processes timber into four products.During January,the joint costs of processing were $280,000.There was no inventory at the beginning of the month.Production and sales value information for the month is as follows:

Required:
Determine the value of ending inventory if the sales value at split-off method is used for product costing.Round to 3 decimal places when necessary.

Question

Oregon Lumber processes timber into four products.During January,the joint costs of processing were $280,000.There was no inventory at the beginning of the month.Production and sales value information for the month is as follows:
  
Required:
Determine the value of ending inventory if the sales value at split-off method is used for product costing.Round to 3 decimal places when necessary.

Quizplus · Accepted Answer

The Answer of Oregon Lumber processes timber into four products.During January,the joint costs of processing were $280,000.There was no inventory at the beginning of the month.Production and sales value information for the month is as follows:
  
Required:
Determine the value of ending inventory if the sales value at split-off method is used for product costing.Round to 3 decimal places when necessary.

Oregon Lumber Processes Timber into Four Products