MC Qu. 77 A lumber mill bought a shipment... A lumber mill bought a shipment of logs for $42,000. When cut, the logs produced a million board feet of lumber in the following grades. Compute the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. (Do not round your intermediate 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. it. Type 3 - 200,000 bd. ft. priced to sell at $0.04 per bd. ft $24,000; $8,000. O $25,200; $12,600. O $42.000; $24,000. O $10,944;$4,200. C $16,000; $16,000