U bought a shipment of logs for $52.000. 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, the value basis is used Do not round your intermediate calculations.) Type 1400.000 bd ft priced to sell at $012 per bd.tt Type 2 - 400,000 bd. It priced to sell at $0.06 per bid it Type 3 - 200,000 bd. It priced to sell at $0.04 per bd. ft. Multiple Choice O $24,000 $8,000. O $16,000 $15,000 O O $52,000 $24,000 O $10.94455,200 O O $31200-$15,600