A lumber mill paid $117,000 for logs that produced 100,400 board feet of lumber in 3 different grades and amounts as follows: Grade Structural No. 1 Common No. 2 Common Production 12,600 board feet 37,800 board feet 50,000 board feet Market Price $3,000/1,000 bd. ft. $1,500/1,000 bd. ft. $ 630/1,000 bd. ft. Compute the portion of the $117,000 joint cost to be allocated to No. 2 Common if the value basis is used. Multiple Choice O $39.000 o so