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INTERMEDIATE ACCOUNTING 1/2 (116/11 ntermedlate Accounting, 16e Gradebook ORION Downloadable eTextbook Exercise 11-22 Vaughn Mining Company purchaced land on february 1, 2017, at a coot
INTERMEDIATE ACCOUNTING 1/2 (116/11 ntermedlate Accounting, 16e Gradebook ORION Downloadable eTextbook Exercise 11-22 Vaughn Mining Company purchaced land on february 1, 2017, at a coot of $914 200. It estmated that a total of 57,300 tons of mineral was evailable for mining, After it has remov because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $109,800. It belileves it waill be able t to sel the p perty afterwards for $122 it curred developmental costs of S244,000 before a was able to do any mnng. In 2017 resources removed totaled 2a 650 tone The company Compute the following information for 2017 (a) Per unt mineral cost (b) Total material cost of December 31, 2017, inventory (c) Total material cost n cost of goods sold at December 31, 2017 Click if you would like to Show Work for this question: Spen Show Werk
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