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BC Lumber Processes Timber into Four Products

Question 123

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

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