A lumber mill paid $129,000 for logs that produced 102,900 board feet of lumber in 3 different grades and amounts as follows: Grade Structural No. 1 Common No. 2 Common Production production 14,700 board feet 37,800 board feet 50,400 board feet Market Price $3,100/1,000 bd. ft. $1,750/1,000 bd. ft. $ 700/1,000 bd. ft. Compute the portion of the $129,000 joint cost to be allocated to No. 2 Common if the value basis is used