Depletion is computed by multiplying the depletion cost per unit by the

A) total estimated units.
B) total actual units.
C) number of units extracted.
D) number of units sold.

Depletion Cost

The allocation of the cost of natural resources, such as minerals or oil, over the period they are extracted and sold.

Units Extracted

The quantity of resources, such as minerals or oil, removed from the ground or source.

Units Sold

The total number of product units that have been sold during a specific period.