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Landmark Coal operates a mine During July the company obtained 500 tons of ore which yielded 250 pounds of gold and 63100 pounds of copper The joint cost related to the operation was

Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.85 per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?

Apr 01 2020 Read more Less More

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