in proportion Mining Company acquired property with copper ore reserves estimated at 2 million pounds for $180 will have an estimated value of $100,000 after the ore has been extracted. Before any ore o Mining Company acqu Arizonia or $1,800,000 Before any ore could be e to incur $500,000 of developmental costs. In the first year, 200,000 pounds wee of ore were sold; in the second year, 400.00 pounds were removed and 410.000 pounds Cclatig aud In the course of the second year's production, discoveries were made that indicated that if is spent on added costs were that if an added 51,460 000 million pounds, After de ere incurred, production for the third year amounted to 510,000 pounds with sales of 40.00 pons. developmental costs during the third yeat, fuure removable ore will total 2.4 Required aculate depletion and cost of goods sold that the company reports on its income statement for each of the ears. Assume FIFO (first-in, first-out) inventory flow