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BC Lumber Processes Timber into Four Products

Question 155

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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 splitoff 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 splitoff method is used for product costing.Round to 3 decimal places when necessary.

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