BC Lumber Processes Timber into Four Products

question 51

Essay

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:

Required:
Determine the value of ending inventory if the physical measures method is used for product costing.Round to 3 decimal places when necessary.

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Definitions:

Metastasis

The process by which cancer cells spread from the original site of cancer to other parts of the body, forming new tumors.

Malignant Cells

Abnormal cells that have the potential to grow uncontrollably and spread, leading to cancerous tumors.

Surgical Removal

A medical procedure involving the excision of an organ, tissue, or tumor from the body to treat a disease or condition.

Environmental Pollutants

Substances introduced into the environment that cause harm or discomfort to the ecosystem or living organisms, including chemicals, noise, heat, or light.