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 3 different grades and amounts as follows:
$\begin{array}{ll}\text { Grade } & \text { Production }& \text { Market Price }\\\hline\text { Structural } & 25,000 \text { board feet } &\$ 1,350 / 1,000 \mathrm{bd} \text {.ft. }\\\text { No. 1 Common } & 75,000 \text { board feet }&\$ 750 / 1,000 \mathrm{bd} \text {.ft. }\\\text { No. } 2 \text { Common }&100,000 \text { board feet}&\$ 300 / 1,000 \mathrm{bd} \text {.ft. }\end{array}$
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