217) Foreman Mining purchased land containing a copper deposit for $2.300.000 on Janu 2018. The company expects to mine 600,000 tons of copper over the next 10 years, and th is expected to have a residual value of $1,400,000. The company has also purchased mini equipment for $400,000 that will be used only at this site over the 10 years with an estima residual value of $52.000. By the end of the first year, the company has mined and sold 50 tons of copper. What is the cost attributed to copper inventory for 2018. assuming the com uses the units-of-production method? A) $109,800 3) $124,800. ) $104,000. ) $75,000. 300,00000 )le 217) Foreman Mining purchased land containing a copper deposit for $2.300.000 on Janu 2018. The company expects to mine 600,000 tons of copper over the next 10 years, and th is expected to have a residual value of $1,400,000. The company has also purchased mini equipment for $400,000 that will be used only at this site over the 10 years with an estima residual value of $52.000. By the end of the first year, the company has mined and sold 50 tons of copper. What is the cost attributed to copper inventory for 2018. assuming the com uses the units-of-production method? A) $109,800 3) $124,800. ) $104,000. ) $75,000. 300,00000 )le