FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Assume the company estimates 2,000 trees are on the property, and during 2022, 800 trees were cut down, and 600 trees were sold. What should be the cost of goods sold amount assigned to the trees sold? Round the depletion rate to the nearest whole dollar.
- $721,000
- $300,000
- $400,000
- $412,000
- $309,000
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