A lumber mill bought a shipment of logs for $47.000. 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 - 800,000 bd. ft. priced to sell at $0.20 per bd. ft. Type 2.400,000 bd. ft. priced to sell at $0.08 per bd. ft. Type 3.200,000 bd. It priced to sell at $0.04 per bd. ft Multiple Choice O A7000: 532,000. 697400, 57.820. 624000, $24,000. 32.000, 30. ( 3o 5o