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If a mining company extracts 1580000 tonnes in a period but only sells 1190000 tonnes,...

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Accounting

If a mining company extracts 1580000 tonnes in a period but only sells 1190000 tonnes,
depletion included in cost of goods sold is based on the 1580000 tonnes extracted.
a separate accumulated depletion account is set up to record depletion on the 390000 tonnes extracted but not sold.
accumulated depletion on the mine is based on the 1190000 tonnes.
depletion included in cost of goods sold is based on the 1190000 tonnes extracted and sold.
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