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On July 1, 2020, Oriole Company invested $700,520 in a mine estimated to have 844,000...

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Accounting

On July 1, 2020, Oriole Company invested $700,520 in a mine estimated to have 844,000 tons of ore of uniform grade. During the last 6 months of 2020, 134,000 tons of ore were mined.

Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)

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