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In March 2025, Bramble Mines Co. purchased a coal mine for $8120000. Removable coal is estimated at 1500000 tons. Bramble is required to restore
In March 2025, Bramble Mines Co. purchased a coal mine for $8120000. Removable coal is estimated at 1500000 tons. Bramble is required to restore the land at an estimated cost of $900000, and the land should have a resale of value of $800000. The company incurred $2010000 of development costs preparing the mine for production. In 2025, 390000 tons were removed, and 240000 tons were sold. The total amount of cost of goods sold that Bramble should record for 2025 is $1636800. $2425800. O $1492800. O $2659800.
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