A lumber mill bought a shipment of logs for $58,000. When cut, the logs produced a million board fet of lumber in the following grades. Compute the cost to be allocted to Type 1 and Type 2 lumber. respectively. If the value basis is used. (Do not round your intermidiate calculations)

Type 1 - 400,000 bd. ft. priced to sell at $0.12 per bd. ft.

Type 2 - 400,000 bd. ft. priced to sell at $0.06 per bd. ft.

Type 3 - 400,000 bd. ft. priced to sell at $0.04 per bd. ft.

Multiple Choice -

A $34,800; $17,400

B 584,000; $24,000

C $16,000; $16,600

D $24,000; $8,000

E $10,944; $5,800