A lumber mill bought a shipment of logs for $42,000. When cut, the logs produced 1,000,000 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 1400,000 board feet priced to sell at $0.12 per board foot Type 2400,000 board feet priced to sell at $0.06 per board foot Type 3200.000 board feet priced to sell at $0.04 per board foot Multiple Choice $16,000;$16,000 $10,944;$4,200. $42,000;$24,000. $25,200;$12,600 $24,000;$8,000