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In July 1 2020 culver inc invested $635250 in a mine estimated to have 847000 tons of ore of uniform grade during the last 6 months of 2020 146000 tons of ore were mined calculate depletion cost per unit

Respuesta :

Given:

culver inc invested $635250 in a mine estimated to have 847000 tons of ore of uniform grade

So, the estimated cost per unit =

[tex]\frac{635250}{847000}=0.75[/tex]

This means the cost = $0.75 per ton

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