Use the Following Information to Answer Questions

Multiple Choice

Use the following information to answer questions
On June 30, 2010, Jumbo Corp. purchased a mine for $2,700,000 with an estimated 1,500,000 tons of extractable ore. The mine has an estimated value of $300,000 after the ore has been extracted. During the first year, 150,000 tons of ore were extracted and 100,000 tons were sold.
-What amount of ore cost is included in Cost of Goods Sold for 2010?

A) $150,000
B) $160,000
C) $180,000
D) $270,000
E) $400,000