Purchase Solution

Oregon Lumber Ending Inventory

Not what you're looking for?

Ask Custom Question

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

Product
Board feet
Splitoff Point
Ending Inventory

2 x 4's
6,000,000
$0.30 per board foot
500,000 bdft.

2 x 6's
3,000,000
0.40 per board foot
250,000 bdft.

4 x 4's
2,000,000
0.45 per board foot
100,000 bdft.

Slabs
1,000,000
0.10 per board foot
50,000 bdft.

Question: 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.

Purchase this Solution

Solution Summary

The solution does a great job of answering the question. The solution is very easy to follow along and can be understood by anyone with a basic understanding of the subject. Overall, an excellent response to the questions being asked.

Solution Preview

Total Board feet produced = 12,000,000
Total Processing Cost = $280,000

Board Feet ...

Purchase this Solution


Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations