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On July 1, 2020, Grouper Inc. invested $741,950 in a mine estimated to have 781,000 tons of ore of uniform grade. During the last 6

On July 1, 2020, Grouper Inc. invested $741,950 in a mine estimated to have 781,000 tons of ore of uniform grade. During the last 6 months of 2020, 124,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit Prepare the journal entry to record depletion.

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