Depletion allowance.

Mareos Company purchased for $$3,800,000$ a mine estimated to contain $2\mathrm{.}5$ million tons of ore. When the ore is completely extracted, it was expected that the land would be worth $$200,000.$ A building and equipment costing $$1,800,000$ were constructed on the mine site, and they will be completely used up and have no salvage value when the ore is exhausted. During the first year, $750,000$ tons of ore were mined, and $$300,000$ was spent for labor and other operating costs.

Instructions

Compute the total cost per ton of ore mined in the first year. $($Show computations by setting up a schedule giving cost per ton.$)$