Question: Current Attempt in Progress Indo Mining purchased and on February 1.2022at a cost of 61,125.000. It stimated that a total of 54.600 tons of mineral
Current Attempt in Progress Indo Mining purchased and on February 1.2022at a cost of 61,125.000. It stimated that a total of 54.600 tons of mineral avaliable for mining. After it has removed all the mineral resources the company will be required to restore the property to previous state because of strict wronmental protection laws testimates the tarvike of this restoration obligation at 95.400, believes it will be able to sell the property afterwards for 106.000 ticared devlopmental cost of 212.000 before it was to do any mining. In 2022. resources removed totaled 1.600 tons. The company sold 25.440 tons Compute the following Information for 2022 (a) Per un mineral cost ib Total material cost of December 31, 2022, Inventory Total material cost in cost of goods sold at December 31, 2022 ic
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
