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Oregon Lumber processes timber into four products. During January, the joing costs of processing were $500,000. There was no inventory at the beginning of the
Oregon Lumber processes timber into four products. During January, the joing costs of processing were $500,000. There was no inventory at the beginning of the month. Production and sales value information for the month were as follows: Product 2 x 4's 2 x 6's 4x4's Slabs a. 2 x 4's Sales Value at Split-Off Point $0.35 per board foot $0.45 per board foot $0.50 per board foot $0.10 per board foot Determine how much in joint costs should be allocated to the following products: b. 2 x 6's c. 4 x 4's d. Slabs e. 2 x 4's Determine the value of the ending inventory for the following products: f. 2x6's Board Feet 5,000,000 2,500,000 1,750,000 750,000 g. 4 x 4's Ending Inventory 750,000 board feet 250,000 board feet 150,000 board feet 50,000 board feet h. Slabs
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