Mareos Company purchased for $3,800,000 a mine estimated to contain 2 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 that year for mining the ore. If all the 750,000 tons were sold during the first year, what is the Cost Of Goods Sold for that year?. (Show computations to calculate cost per ton.)