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What is the cost of goods sold for the year ended

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Reference no: EM132991268

QUESTION - Joyce Mining Ltd had only one area of interest and started production on 1 July 2020. During 1 July 2020 and 30June 2021, 200,000 tonnes of ore were mined, and 160,000 tonnes were sold. The total production costs during the year is $1,250,000. In the same period, administrative expense and selling expense are $380,000 and $280,000, respectively. What is the cost of goods sold for the year ended 30 June 2021?

Reference no: EM132991268

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