Featuring BP
The oil refinery operated by BP in Whiting, Indiana has the capacity to process more than 400,000 barrels of crude oil every day. The refinery operates 24 hours per day, 365 days per year. On an average day, this refinery produces enough products to fuel 430,000 automobiles, 22,000 semi-trucks, 2,000 commercial jet liners, and to fill 350,000 propane tanks. Determining the costs associated with this high level of continuous production requires a specific type of accounting called, "process costing."
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