Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

تمرين 13

Dwight Oil and Gas Company has the following information at 12/31/15. Production in 2015:
Oil 15,000 bbl Sold at average price of $70/bbl
Gas 70,000 Mcf Sold at average price of $5.00/Mcf
The current prices at 12/31/15 are:
Oil $75.00/bbl
Gas $ 5.50/Mcf
Compute DD&A using the unit-of-revenue method.