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On July 1, 2020, Marigold Corp. irvested $611,250 in a mine estimated to have 815,000 tons of ore of uniform grade. During the last 6
On July 1, 2020, Marigold Corp. irvested $611,250 in a mine estimated to have 815,000 tons of ore of uniform grade. During the last 6 months of 2020,101,000 tons of ore were mined. Calculate depietion cost per unit. (Round answer to 2 decimal places, es. 0.50.) Depletion cost per unit eTextbook 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 0 for the amounts.) Assume that the 101,000 tons of ore were mined, but only 81,000 units were sold. Indicate how are the costs applicable to the 20,000 unsold units reported? The costs pertaining to the unsold units are reported in as part of at $
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