A lumber mill bought a shipment of logs for $55,000. When cut. the logs produced 1,400,000 board feet of lumber in the following grades. Compute the cost to be allocated to Type 1 and Type 2 lumber. respectively, ifthe value basis is used. (Do not round your intermediate calculations.) Type 1 - 800,000 board feet priced to sell at $0.20 per board foot Type 2 - 400,000 board feet priced to sell at $0.08 per board foot Type 3 - 200,000 board feet priced to sell at $0.04 per board foot Multiple Choice O $24,000; $24,000. $44,000; $8,800. O $32,000; $8,000. O $10,944;$2,200. O $55,000; $32,000