A sawmill paid $70,000 for logs that produced 200,000 board feet of lumber in three different grades and amounts as follows: $\begin{array}{lll}
\underline { \text { Grade }}&\underline { \text { Production }}&\underline { \text { Market Price }}\
\text { Structural } & 25,000 \text { board feet } & \$ 1,350 / 1,000 \mathrm{bd} \text { ft. } \
\text { No. 1 Common } & 75,000 \text { board feet } & \$ 750 / 1,000 \mathrm{bd} . \mathrm{ft} \
\text { No. 2 Common } & 100,000 \text { board feet } & \$ 300 / 1,000 \mathrm{bd} \text {. }
\end{array}$ How much of the $70,000 joint cost should be allocated to No.2 Common?
A)$0
B)$17,500
C)$23,333
D)$35,000
E)$70,000

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The Answer of A sawmill paid $70,000 for logs that produced 200,000 board feet of lumber in three different grades and amounts as follows: $\begin{array}{lll}
\underline { \text { Grade }}&\underline { \text { Production }}&\underline { \text { Market Price }}\
\text { Structural } & 25,000 \text { board feet } & \$ 1,350 / 1,000 \mathrm{bd} \text { ft. } \
\text { No. 1 Common } & 75,000 \text { board feet } & \$ 750 / 1,000 \mathrm{bd} . \mathrm{ft} \
\text { No. 2 Common } & 100,000 \text { board feet } & \$ 300 / 1,000 \mathrm{bd} \text {. }
\end{array}$ How much of the $70,000 joint cost should be allocated to No.2 Common?
A)$0
B)$17,500
C)$23,333
D)$35,000
E)$70,000

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