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Question 5 Windsor Mining Company purchased land on February 1, 2017, at n cost of $914,300. It estimated that n total of 53,400 tons of

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Question 5 Windsor Mining Company purchased land on February 1, 2017, at n cost of $914,300. It estimated that n total of 53,400 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to lts previous state because of strict environmental protection lans. It estimates the fair value of thils restoration oblgation st 198,100. It believes t will be able to sell the property afterwards for $109,000. Incurred developmental costs of $218,000 before it was able to do any mining. In 2017, resources removed totaled 26,700 tons. The company sold 19,580 tons Compute the following Information for 2017 (a) Per unit mineral cost (b) Total material cost of December 31, 2017, inventon (e) Total material cest in cost of goods sold at December 31, 2017 s

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