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:

Determine the value of ending inventory if the sales value at splitoff method is used for product costing. Round to three decimal places when necessary. (10points)

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Sales Value at Splitoff Point Product Board feet 2 6000,000 S030 per board foot 2 x 6s 4x 4's 2,000,0000.45 per board foot Slabs 1,000,000 Ending Inventory 0.30 per board foot 500,000 bdft. 250.000 bdft 100,000 bdft 50,000 bdft 3,000,000 0.40 per board 0.10 per board foot