Question:
The following are the extracts from the costing books of an oil manufacturing company, in which three processes are used:
Coconut purchased 600 quintals worth Rs. 60,000.
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Casks (drums) costing
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Rs. 20,000
|
|
Crude oil purchased
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400 Quintals
|
|
Refined oil purchased
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300 Quintals
|
|
Finished oil
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280 Quintals
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Coconut sacks sold for Rs. 10,000; Copra residue 170 quintals sold for Rs. 5,000; By-products of refining process being 75 quintals sold for Rs. 400.
Prepare crushing, refining, finishing (including casking) process accounts.