Question 20 of 20

Question 20 of 20 View Policies Current Attempt in Progress -/1 Pronghorn Company purchased for $3,790,000 a mine estimated to contain 2.60 million tons of ore. When the ore is completely extracted, it was expected that the land would be worth $202,000. A building and equipment costing $ were constructed on the mine site, and they will be completely used up and have no salvage value when the ore is exhausted. During the first year, 762,000 tons of ore were mined, and $304,800 was spent for labor and other operating costs. Compute the total cost per ton of ore mined in the first year. (Round answer to 2 decimal places, e.g. 5275.) Total cost eTextbook and Media Save for Later Attempts: O of 3 used Submit Answer