This topic contains a solution. Click here to go to the answer

Author Question: Oregon Lumber processes timber into four products. During January, the joint costs of processing ... (Read 42 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
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: 

Sales Value at
ProductBoard feetSplit-off PointEnding Inventory
2 × 4's6,000,000$0.30 per board foot500,000 bdft.
2 × 6's3,000,0000.40 per board foot250,000 bdft.
4 × 4's2,000,0000.45 per board foot100,000 bdft.
Slabs1,000,0000.10 per board foot50,000 bdft.
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by SO00 on Mar 6, 2021

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly




SO00

  • Member
  • Posts: 568
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

For a complete list of videos, visit our video library