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E16-21 Page 593 Crude 1.a. Physical Measure Method Oil NGL Gas Total 1. Physical measure of total Prod. 150 50 800 1,000 2.Weighting (150/1000, 50/1000,800/1000) 15.0% 5.0% 80.0% 100.0% 3. Joint costs allocated (weight X $1,800) $270 $90 $1,440 $1,800 Crude 1.b. Estimated NRV Method Oil NGL Gas Total 1. Final sales value of total production $2,700 $750 $1,040 $4,490 2. Deduct separable costs 175 105 210 490 3. NRV at splitoff $2,525 $645 $830 $4,000 4.Weighting (2,525/4000, 645/4000, 830/4000) 63.125% 16.125% 20.750% 100.000% 5. Joint costs allocated (weight X $1,800) $1,136 $290 $374 $1,800 2.a. Crude Physical Measures Method Operating Income Oil NGL Gas Total Revenues $2,700 $750 $1,040 $4,490 Costs of Goods Sold Joint costs 270 90 1,440 1,800 Separable costs 175 105 210 490 Total cost of goods sold 445 195 1,650 2,290 Gross margin $2,255 $555 $(610) $2,200 2.b. Crude Estimated NRV Method Operating Income Oil NGL Gas Total Revenues $2,700 $750 $1,040 $4,490 Costs of Goods Sold Joint costs
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