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

question 77

Multiple Choice

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.