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----------Split-off 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 three decimal places when necessary. (10 points)