Question 27 Flick Company purchased natural resources worth P20,000,000 (with a residual value of P2,500,000) on January 1, 2020. The company expects the resources to extract 700,000 units of Gem B. During the first year of operation, 100,000 units of Gem B were extracted. Of these, 30,000 units were sold. Required: Compute for the following. 1. Depletion cost per unit 2. Depletion expense in the cost of goods sold for the first year of operation 3. Depletion expense in the cost of ending inventory by the first year of operation