A lumber mill paid $72,000 for logs that produced 199,200 board feet of lumber in 3 different grades and amounts as follows: Grade Structural No. 1 Common No. 2 Common Production 25,600 board feet 73,600 board feet 100,000 board feet Market Price $1,450/1,000 bd. ft. $ 800/1,000 bd. ft. $ 320/1,000 bd. ft. Compute the portion of the $72,000 joint cost to be allocated to No. 2 Common if the value basis is used. Multiple Choice $36.000. O $0. O $24,000. $18,000. O $72,000