Lumber Inc. processes timber into four products. During June, the joint costs of processing were $320,000. 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	5,000,000	$0.20 per board foot	400,000 bdft.
2 x 6's	2,000,000	0.30 per board foot	150,000 bdft.
4 x 4's	3,000,000	0.55 per board foot	200,000 bdft.
Slabs	2,000,000	0.20 per board foot	250,000 bdft.

Determine the value of ending inventory if the sales value at splitoff method is used for product costing.