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Use the following information for Question 11.12 Raghad Oil Company, a small company exploring oil and gas incurred the following cost during 2020 January 1

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Use the following information for Question 11.12 Raghad Oil Company, a small company exploring oil and gas incurred the following cost during 2020 January 1 Acquisition cost for a 5,000 acres lease lease bonus at $50/acre February 2 Paid $500,000 for G&G cost June 1 Dry hole cost of an exploratory well of $400,000 September 1 Successful exploratory well cost of $320,000 November 1 Cost of production facilities of $250.000 December 25 Production cost of $180,000 On which date, the journal entry will be the same either recording using full cost method or successful efforts method? O A None of the choice B. February 2 June 1 D. January

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