Stereum ostrea

Common Name: False Turkey-Tail
Description: Cap 1-10 cm across, irregular, semicircular or bracketlike, often overlapping; zonate and multicolored in shades of brown and rust; densely hairy.
Habitat: on logs and stumps of hardwoods, especially oak. Found throughout North America.
Edible: Not edible.

Source: Mushrooms of North America by Roger Phillips.