On July 1, 2020, Wildhorse Co. invested $625,660 in a mine estimated to have 763,000 tons of ore of uniform grade. During the last 6 months of 2020, 100,000 tons of ore were mined.

(1) Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)

Depletion cost per unit $_____

(2) Prepare the journal entry to record depletion expense. (Round answer to 0 decimal places, e.g. 2,125. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)