Use the following information for the next four Questions. In 20X5, Bechom Mining Ltd (Beckom) paid $450,000 for a mining property in Queensland and $000,000 for associated exploratory rights and $350,000 assaying and sampling the local ore body. Having determined economically-recoverable coal reserves of 680,000 tonnes, Beckom built a processing plant on site and associated access roads at a cost of $1 million. The aggregate residual value of all the properties is $120,000. Relocatable housing was erected for $350,000 and deemed to have a useful life of 5 years. In 20X6, production commenced and the following data was generated for the year: Ore extracted (tonnes) 175,000 tonnes Ore sold at $701tonne 125,000 tonnes Production cost (excluding depreciation! amortisation} $28ftonnes Administrative expenses $24,000 Selling expenses $18,000 Tax $60,000 7. What was the value of the ore inventory extracted during the year 202\"? a) $5,553,824 b) $5,484,?06 c) $5,433,891ll d) $5,453,823 e) $5,095,333 8. What was the value of the ore inventory at year-end 20105? a) $1,880,471 b) $1,8?6,?65 :3) $1,869,882 d) $1,746,971 e) $1,189,882 9. What was the net prot after tax for the year of 20705? a) $4,599,638 b) $4,364,059 c) $4,350,868 d) $4,343,?65 10. What was the COGS for 20X6? a) $3,604,235 b) $3,583,941 c) $3,363,941 d) $3,348,362