A West Coast refinery used the following stocks of oil in a manufacturing run of gasoline. The respective costs of those stocks are proven within the…

A West Coast refinery used the next stocks of oil in a production run of gasoline. The respective costs of those stocks are shown in the adjoining column.A West Coast refinery used the next stocks of oil in a production run of gasoline. The respective prices of those stocks are shown in the adjacent column.

Barrels Unit cost

Light Arabian crude oil 5000 64

High-sulfur Alaskan oil 20000 fifty three

Methyl alcohol from corn 1000 eighty four

Texas medium weight crude 6000 60

The average cost per barrel is,

sixty two.50

65.25

60.75

57

High Answer

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Other Answers

5000 *sixty four =$320000 20000*53=$1060000 one thousand *84= $84000 6000*60= $360000 Petroleum Refinery Equipment For Sale whole number… View the total reply

This query was asked on Jan 15, 2018 and answered on Jan 16, 2018 for the course ECON 270 at IUPUI.

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