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On July 1, 2017, Indigo AG invested CHF590,444 in a mine estimated to have 776,900 tons of ore of uniform grade. During the last
On July 1, 2017, Indigo AG invested CHF590,444 in a mine estimated to have 776,900 tons of ore of uniform grade. During the last 6 months of 2017, 129,700 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit CHF SHOW LIST OF ACCOUNTS Prepare the journal entry to record depletion. (Round answers to 0 decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 SHOW LIST OF ACCOUNTS Assume that the 129,700 tons of ore were mined, but only 78,700 units were sold. How are the costs applicable to the 51,000 unsold units reported? Reported in Operating Expenses Current Liabilities Long-term Investment Short-term Investment will learn while you earn points based on the Point Potential Policy set by your instructor. Cost of Goods Sold Current Assets Vorcion SHOW LIST OF By accessing th Total Assets pligu 10.2000
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