Oregon Lumber Processes Timber into Four Products

question 64

Essay

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.

---

Definitions:

Vendors' Claims

Statements or assertions made by sellers regarding the benefits or features of their products or services.

Primary Research

The process of gathering original data directly from sources through methods like surveys, interviews, or experiments.

Document-Planning Stage

The initial phase of document creation where objectives are set, audience is analyzed, and content structure is planned.

Lack of Bias

The absence of prejudice or preconceived opinions towards a subject, allowing for fair and neutral assessment or decision-making.