25 A lumber mill bought a shipment of logs for $48,000. When cut the logs produced a million board feet of lumber in the following grades. Compute the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. (Do not round your intermediate calculations.) Type 1 - 400,000 bd. It priced to sell at $0.12 per bd. ft. Type 2 - 400,000 bd. ft. priced to sell at $0.06 per bd. ft. Type 3 - 200,000 bd. ft. priced to sell at $0.04 per bd. ft. Multiple Choice O $24,000 $8,000 O $48,000, $24,000 O O $20,000, 5 400 O $10,000, $16.000