A lumber mill bought a shipment of logs for $44,000. 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 1 - 400,000 board feet priced to sell at $0.12 per board foot Type 2 - 400,000 board feet priced to sell at $0.06 per board foot Type 3 - 200,000 board feet priced to sell at $0.04 per board foot Multiple Choice 0 $44,000; $24,000. $26,400; $13,200. $16,000; $16,000. $24,000; $8,000. 0000 $10,944;$4,400