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Don't waste my turn please do it within few minutes 11 The following details re extracted from the costing records of an oil mill for
Don't waste my turn please do it within few minutes 11 The following details re extracted from the costing records of an oil mill for the year ended 31st March, 2012 : Purchase of 500 tons of copra at Rs. 400 per ton. Crushing Refining Finishing Rs. Rs. Rs. Labour 2,500 1,000 1,500 Electricity 600 360 240 Sundry stores 100 2,000 Steam 880 780 590 1,320 660 Factory expenses 220 Containers 7,500 300 tons of crude oil were produced by crushing process, 250 tons of oil were produced by the refining process, and 248 tons of refined oil were finished for delivery. Copra sacks were sold for Rs. 400. 175 tons of copra residue were sold for Rs. 11,000. Loss in weight in crushing was 25 tons. 45 tons of by-products obtained from refining process were valued at Rs. 6,750. Make out accounts in respect of each process and calculate the cost of the product per ton at the end of each process
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