Business, 04.08.2021 21:40, jgstyle2388

MC Qu. 78 A lumber mill paid... A lumber mill paid $126,000 for logs that produced 107,550 board feet of lumber in 3 different grades and amounts as follows: GradeProduction Market Price Structural15,300 board feet $3,200/1,000 bd. ft. No. 1 Common40,500 board feet $1,700/1,000 bd. ft. No. 2 Common51,750 board feet $680/1,000 bd. ft. Compute the portion of the $126,000 joint cost to be allocated to No. 2 Common if the value basis is used.

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MC Qu. 78 A lumber mill paid... A lumber mill paid $126,000 for logs that produced 107,550 board fee...