Question 15 Not yet answered Points out of 2.50 r Flag question At beginning of the year, Yager Corporation purchased a mineral mine for $5,100,000 with removable ore estimated by geological surveys at 2,000,000 tons. The property has an estimated value of $300,000 after the ore has been extracted. The company incurred $1,500,000 of development costs preparing the mine for production. During the year, 600,000 tons were removed and 480,000 tons were sold. What is the Cost of Goods Sold for the year? Select one: a $1,152,000 b. $1,440,000 c. $1,512,000 d. $1,890,000