A sawmill paid $70,000 for logs that produced 200,000 board feet of lumber in 3 different grades and amounts as follows:
Compute the portion of the $70,000 joint cost to be allocated to No.2 Common.
A)$ 0.
B)$17,500.
C)$23,333.
D)$35,000.
E)$70,000.

Question

A sawmill paid $70,000 for logs that produced 200,000 board feet of lumber in 3 different grades and amounts as follows:
 Compute the portion of the $70,000 joint cost to be allocated to No.2 Common.
A)$ 0. 
B)$17,500. 
C)$23,333. 
D)$35,000. 
E)$70,000.

Quizplus · Accepted Answer

11ea7277_eda1_312b_9608_0d693aac1d80_TB2411_00 No.2-25% x $70,000 = $17,500

A Sawmill Paid $70,000 for Logs That Produced 200,000 Board