Business, 03.01.2020 22:31 tony001

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.

a. $58,000; $24,000.
b. $34,800; $17,400.
c. $10,944; $5,800.
d. $24,000; $8,000.
e. $16,000; $16,000.

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Alumber mill bought a shipment of logs for $58,000. when cut, the logs produced a million board feet...