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)

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