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Please answer, ASAP! Question 24 In March 2025, Coronado Mines Co. purchased a coal mine for $8100000. Removable coal is estimated at 1500000 tons. Coronado
Please answer, ASAP! Question 24
In March 2025, Coronado Mines Co. purchased a coal mine for $8100000. Removable coal is estimated at 1500000 tons. Coronado is required to restore the land at an estimated cost of $970000, and the land should have a resale of value of $800000. The company incurred $1950000 of development costs preparing the mine for production. In 2025, 390000 tons were removed, and 270000 tons were sold. The total amount of cost of goods sold that Coronado should record for 2025 isStep by Step Solution
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