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Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires highgrade crude oil from lowvolume production wells owned by individuals and small partnerships. The crude oil is processed in a single refinery into Two Oil, Six Oil, and impure distillates. Farleigh Petroleum does not have the technology or capacity to process these products further and sells most of its output each month to major refineries. There were no beginning finished goods or workinprocess inventories on April The production costs and output of Farleigh Petroleum for April are as follows: tableCrude oil placed into production,$
Physical Units Method, Relative Sales Value Method
Farleigh Petroleum, Inc., is a small company that acquires highgrade crude oil from lowvolume production wells owned by individuals and small partnerships. The crude oil is processed in a single refinery into Two Oil, Six Oil, and impure distillates. Farleigh Petroleum does not have the technology or capacity to process these products further and sells most of its output each month to major refineries. There were no beginning finished goods or workinprocess inventories on April The production costs and output of Farleigh Petroleum for April are as follows:
tableCrude oil placed into production,$
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