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

Multiple Choice

A sawmill paid $70,000 for logs that produced 200,000 board feet of lumber in three different grades and amounts as follows:
$\begin{array}{lll}\text {Grade}&\text {Production}&\text {Market Price}\\\text { Structural } & 25,000 \text { board feet } & \$ 1,350 / 1,000 \mathrm{bd} . \mathrm{ft} \text {. } \\\text { No. } 1 \text { Common } & 75,000 \text { board feet } & \$ 750 / 1,000 \mathrm{bd} . \mathrm{ft} \text {. } \\\text { No. } 2 \text { Common } & 100,000 \text { board feet } & \$ 300 / 1,000 \mathrm{bd} . \mathrm{ft}\end{array}$
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