Instructions From the provisions of the lease agreement, compute the cost per barrel for the past year, exclusive of operating sosts, o Federer Drilling, E11.22L04) (Deplotion Computations---Mining) Henrik Mining purchased land on February 1. 2019, at a cost of 1.250.000. It estimated that a total of 60.000 tons of mineral was available for mining. After it has removed all the mineral resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this resto ration obligation at 90,000. It believes it will be able to sell the property afterwards for 100,000. It incurred developmental costs of 200,000 before it was able to do any mining. In 2019, resources re- moved totaled 30.000 tons. The company sold 24,000 tons. 19200 Instructions Compute the following information for 2019. a. Per unit mineral cost b. Total material cost of December 31, 2019, inventory