Q1. 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 Board Product Split-off Point 5,000,000 $0.30 per board foot 2 6's 3,000,000 9.40 per board foot 4 x 4's 2,000,000 0.45 per board foot Slabs 1,000,000 0.10 per board foot Ending Inventory 500,000 bdft. 250,000 bdft. 100,000 bdft. 50,000 bdft. Required: Determine the value of ending inventory if the sales value at split-off method is used for product costing. Round to 3 decimal places when necessary