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How much joint cost should be allocated

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Reference no: EM13947760

A sawmill paid $76,000 for logs that produced 220,000 board feet of lumber in 3 different grades and amounts as follows:

980_68-B-E-M-E (2306).png

How much of the $76,000 joint cost should be allocated to No. 2 Common? 

a. $77,000. 
b. $0. 
c. $76,000. 
d. $48,000. 
e.$17,267.

Reference no: EM13947760

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