25 A lumber mill paid $135,000 for logs that produced 102,500 board feet of lumber in 3 different grades and amounts as follows: Grade Structural No. 1 Common No. 2 Common Production 15,000 board feet 37,500 board feet 50,000 board feet Market Price $3,000/1,000 bd. ft. $1,800/1,000 bd. ft. $ 750/1,000 bd. ft. Compute the portion of the $135,000 joint cost to be allocated to No. 2 Common if the value basis is used. Multiple Choice