On July 1, 2022, Marigold Inc. invested $604,200 in a mine estimated to have 795,000...
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On July 1, 2022, Marigold Inc. invested $604,200 in a mine estimated to have 795,000 tons of ore of uniform grade. During the last 6 months of 2022, 108,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit eTextbook and Media List of Accounts $ Prepare the journal entry to record depletion. (List all debit entries before credit entries. 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 o for the amounts.) Date Account Titles and Explanation Dec. 31 Debit K Credit
On July 1,2022, Marigold Inc. invested $604,200 in a mine estimated to have 795,000 tons of ore of uniform grade. During the last 6 months of 2022, 108,000 tons of ore were mined. Giculate depletion cost per unit. (Round answer to 2 decimal places, es. 0.50) Depletion cost per unit $ Prepare the journal entry to record depletion. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount tities and enter 0 for the amounts]
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