Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent year. Department 1's contribution to overhead as a percent of sales is: Dept. Sales 1 Cost of Goods Sold $ 708,000 158,000 308,000 $1,080,000 480,000 780,000 Direct Expenses $102,000 48,000 158,000 Indirect Expenses $ 88,000 108,000 28,000 2 3 Multiple Choice O 56.7% O 25.0% O O 34.7% O 34.0% O 61.6% A lumber mill paid $87,000 for logs that produced 203,200 board feet of lumber in 3 different grades and amounts as follows: Grade Structural Production 33,600 board feet 73,600 board feet 96,000 board feet Market Price $1,500/1,000 bd. ft. $1,050/1,000 bd. ft. $ 420/1,000 bd. ft. No. 1 Common No. 2 Common Compute the portion of the $87,000 joint cost to be allocated to No. 2 Common if the value basis is used. Multiple Choice $29,000. $0. $43,500. $87,000. $20,880