A lumber mill paid $90,000 for logs that produced 173,400 board feet of lumber in 3 different grades and amounts as follows: Grade Structural No. 1 Common No. 2 Common Production 26,400 board feet 72,000 board feet 75,000 board feet Market Price $2,000/1,000 bd. ft. $1,100/1,000 bd. ft. $ 440/1,000 bd. ft. Compute the portion of the $90,000 joint cost to be allocated to No. 2 Common if the value basis is used. Multiple Choice O $18,000 $45,000 $90,000 $0 o $30,000