On July $1,2022,$ Friedman Inc. invested $$720,000$ in a mine estimated to have $900,000$ tons of ore of uniform grade. During the last $6$ months of $2022,100,000$ tons of ore were mined.

$($a$1)$

Your answer is correct.

Calculate depletion cost per unit. $($Round answer to $2$ decimal places, eg$.0\mathrm{.}50.)$

Depletion cost per unit

$

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List of Accounts

Attempts: $1$ of $5$ used

$($a$2)$

Prepare the journal entry to record depletion. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31$