A sawmill paid $76,000 for logs that produced 220,000 board feet of lumber in 3 different grades
Question:
A sawmill paid $76,000 for logs that produced 220,000 board feet of lumber in 3 different grades and amounts as follows:
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.
Transcribed Image Text:
Grade Structural No. 1 Common 60,000 board feet S800 1,000 bd. ft. No. 2 Comn 105,000 board feet S350 1,000 bd. ft. Production Market Price $1,400/1.000 bd ft. 55,000 board feet
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Related Book For
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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