Depletion – FAR Please Help

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  • August 11, 2012 at 8:24 pm #173177
    Givemesleep
    Member

    Is it the cost per ton times the amount extracted or the amount of tons sold?

    Reg 11/15/2011 - 80
    Aud 02/28/2012 - 81
    Bec 05/31/2012 - 78
    Far 08/31/2012 - 83 Do you believe in Miracles, YES !!!

    CPA License received 10/2012 !!
    CFE License received 04/2013 !!
    EA License received

    Givemesleep

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  • August 11, 2012 at 8:59 pm #361751
    xwingdingx
    Member

    Depletion is unit rate times amount extracted. But to record in cost of goods sold its unit rate X units sold

    AUD 6/24/11- 76
    BEC 11/23/11 - 79
    FAR 11/26/12 - 76
    REG 1/14/12 - 82

    August 11, 2012 at 9:34 pm #361752
    Givemesleep
    Member

    Thank you X

    Reg 11/15/2011 - 80
    Aud 02/28/2012 - 81
    Bec 05/31/2012 - 78
    Far 08/31/2012 - 83 Do you believe in Miracles, YES !!!

    CPA License received 10/2012 !!
    CFE License received 04/2013 !!
    EA License received

    Givemesleep

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