[accountingisfun]

When accounting for raw materials inventory (logs), must the cost of the material be used or can it be changed based on what someone "thinks it's worth?" This would be all within the current month and during "down time" at the mill.

[morgaine300]

There are circumstances under which things can be changed to a fair market value (not what "someone thinks" it is worth), but within the same month this would never happen. Generally you're using cost.