Alumber mill bought a shipment of logs for $58,000. 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. ft. type 3 - 200,000 bd. ft. priced to sell at $0.04 per bd. ft. multiple choice $58,000; $24,000. $34,800; $17,400. $10,944; $5,800. $24,000; $8,000. $16,000; $16,000.