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How much should be recorded for FY

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Question - Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 850,000 tons of ore were mined and 725,000 tons were sold. Using this information, how much should be recorded for FY 2016 for the following accounts:

1. Accumulated Depletion.

2. Inventory.

3. Cost of Goods Sold.

Reference no: EM132240452

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