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need accounting help On July 1, 2020, Pina Colada Corp. invested $740,160 in a mine estimated to have 771,000 tons of ore of uniform grade.
need accounting help
On July 1, 2020, Pina Colada Corp. invested $740,160 in a mine estimated to have 771,000 tons of ore of uniform grade. During the last 6 months of 2020, 104,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit $ e Textbook and Media List of Accounts Prepare the journal entry to record depletion. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Dec. Debit Credit 31 eTextbook and Media List of Accounts Assume that the 104.000 tons of ore were mined, but only 90,000 units were sold. Indicate how are the costs applicable to the 14,000 unsold units reported? The costs pertaining to the unsold units are reported in as part of > at $Step by Step Solution
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