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On July 1, 2022, Tamarisk, Inc invested $622,400 in a mine estimated to have 778,000 tons of ore of uniform grade. During the last 6
On July 1, 2022, Tamarisk, Inc invested $622,400 in a mine estimated to have 778,000 tons of ore of uniform grade. During the last 6 months of 2022, 126,000 tons of ore were mined. Calculate depletion cost per unit Prepare the journal entry to record depletion Assume that 126,000 tons of ore were mined, but only 85,000 units were sold. How are the costs applicable to the 41,000 unsold units reported
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