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A west coast refinery used the following stocks of oil in a

A West Coast refinery used the following stocks of oil in a production run of gasoline. The respective costs of these stocks are shown in the adjacent column. A West Coast refinery used the following stocks of oil in a production run of gasoline. The respective costs of these stocks are shown in the adjacent column.

Barrels Unit cost

Light Arabian crude oil 5000 64

High-sulfur Alaskan oil 20000 53

Methyl alcohol from corn 1000 84

Texas medium weight crude 6000 60

The average cost per barrel is,

62.50
65.25
60.75
57

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Business Management: A west coast refinery used the following stocks of oil in a

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