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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

BC Lumber Processes Timber into Four Products