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.
Correct Answer:
Verified
Correct Answer:
Verified
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