On 1 April 20X6 Botswana Mining Ltd (Botswana) assessed that its Mollymook area of interest contained economically recoverable reserves of 53778 ounce of gold. On the same day the entity installed the following assets (with zero residual values): Mining site building (non-portable): cost $1437392 useful life 20 years Mining equipment (non-portable): cost $2388760 useful life 15 years Machineries and equipment (portable): cost $750881, useful life 7 years The above assets were ready for use on 1 July 20X6. Botswana expects to extract the entire reserves in 5 years. For the year ending 30 June 20X7, the entity had extracted 4421 ounces of gold (assuming zero production cost). What is the cost of the gold inventory for the year ending 30 June 20X7?数值题

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