Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250
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Question:
Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and62,800 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.93 per pound.Allocate the joint costs using the relative sales values. With these costs, what is theprofit or loss associated with Copper?
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