3,000 320 30,320 The separation of property into proved and unproved and the separation of drilling costs into completed and uncompleted is not required under full cost accounting theory. However, this distinction is useful for management needs, income tax accounting, etc. g. Assume the well on Lease B is determined to be dry and is plugged and abandoned for an additional $3,000. Entry to record additional costs Wells-in-progress IDC. Cash... .. Entry to record completion of work on well Exploratory dry holes L&WE..... Exploratory dry holes-IDC..... Wells-in-progress-L&WE.. 3,000 3,000 20,000 133,000 20,000 133,000 Wells-in-progress-IDC.....