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Question 7 (1 point) Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and
Question 7 (1 point) Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63.700 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.87 per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper? Round to two decimal places
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