Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 20

Mineral World recognizes $20 depletion for each ton of ore mined. During the current year the company mined 600,000 tons but sold only 500,000 tons, as it was attempting to build up inventories in anticipation of a possible strike by employees. How much depletion should be deducted from revenue of the current year?