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.

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

BC Lumber Processes Timber into Four Products