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Question 4 On July 1, 2017, Concord AG invested CHF702,090 in a mine estimated to have 807,000 tons of ore of uniform grade. During the
Question 4 On July 1, 2017, Concord AG invested CHF702,090 in a mine estimated to have 807,000 tons of ore of uniform grade. During the last 6 months of 2017, 131,500 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit CHF Prepare the journal entry to record depletion. (Round answers to 0 decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Assume that the 131,500 tons of ore were mined, but only 87,900 units were sold. How are the costs applicable to the 43,600 unsold units reported? Reported in
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