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.
|
Casks (drums) costing |
Rs. 20,000 |
|
Crude oil purchased |
400 Quintals |
|
Refined oil purchased |
300 Quintals |
|
Finished oil |
280 Quintals |
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.