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Landmark coal operates a mine. during July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper.
Landmark coal operates a mine. during July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper. The joint cost related to the operation was $500,00. Gold sells for $325 per ounce and copper sells for $0.89 per pound. Allocate the joint costs using the relative sales values. with these costs, what is the profit or loss with Copper?
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