Business, 15.04.2020 03:19 alissiabenner4087

Alcide Mining Company purchased land on February 1, 2017, at a cost of $1,190,000. It estimated that a total of 60,000 tons of mineral was available for mining. After it has removed all the naturalresources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $90,000. It believes it will be able to sell the property afterwards for $100,000. It incurred developmental costs of $200,000 before it was able to doany mining. In 2017, resources removed totaled 30,000 tons. The company sold 22,000 tons. InstructionsCompute the following information for 2017.(a) Per unit material cost.(b) Total material cost of December 31, 2017, inventory (c) Total material cost in cost of goods sold at December 31,

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:00

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

Answers: 2

Answer

Business, 22.06.2019 21:00

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.

Answers: 1

Answer

Business, 23.06.2019 06:40

Acollege career counselor working at a community college is part of what career area? a. administration b. professional support services c. teaching and training d. guidance counseling

Answers: 2

Answer

Business, 24.06.2019 01:30

Is defined as a "flaw or weakness in system security procedures, design, implementation, or internal controls that could be exercised (accidentally triggered or intentionally exploited) and result in a security breach or violation of the system's security policy."?

Answers: 1

Answer

You know the right answer?

Alcide Mining Company purchased land on February 1, 2017, at a cost of $1,190,000. It estimated that...

Questions