Gold sells for 325 per ounce and copper sells for 089 per, Finance Basics

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Gold sells for 325 per ounce and copper sells for 089 per

Kenneth Co. operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,700 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.89 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Kenneth Co.?

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Finance Basics: Gold sells for 325 per ounce and copper sells for 089 per

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Finance Basics: Gold sells for 325 per ounce and copper sells for 089 per

Reference No:- TGS0601604

Have a Question? (oR Write a Review)

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Ask an Expert for Answer!!

Finance Basics: Gold sells for 325 per ounce and copper sells for 089 per

Reference No:- TGS0601604

Recent Questions Asked Finance Basics

Q : Assume you were a marketing manager at a healthcare company

Q : What is the incremental cost of going outside versus

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