Alpha Mining Company recognizes $2 of depletion for each ton of ore
Alpha Mining Company recognizes $2 of depletion for each ton of ore
mined. During 2016, 850,000 tons of ore were mined and 725,000 tons were sold. Using this information, how much should be recorded for FY 2016 for the following accounts:
Accumulated Depletion
Inventory
Cost of Goods Sold
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