c) Shamrock has not logged since 2015

Subject:AccountingPrice:2.86 Bought3

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c) Shamrock has not logged since 2015. Assume that Shamrock logged 820,000 cubic metres of timber in 2017, of which 60% was sold in 2017 and the remainder sold in 2018. The timber cruiser (the appraiser) had estimated a total resource of 8 million cubic metres. Determine the cost of timber sold that relates to the depletion for 2017 and 2018.