Question 3 Petron Bhd, is a small company that requires high— grade crude oil from low-volume productionwells owned by individuals and small partnerships. The crude oil is processed in a singlerefinery into Two Oil, Six Oil and impure distillates. Petron does not have technology orcapacity to process these products further and sells most of its output each month to majorrefineries. There was no beginning finished goods or work—in—progress inventories onNovember 1. The production costs and output of Petron for November are as follows: Crude oil acquired and placed into production RMS,000,000Direct labour and related costs RM2,000,000Manufacturing overhead RM 3,000,000 Production and sales: Two Oil, 300,000 barrels produced, 80,000 barrels sold at RM20 each.Six Oil, 240,000 barrels produced, 120,000 barrels sold at RM30 each.Distillates, 120,000 barrels produced and sold at RMIS each. You are required to segregate and calculated the amount of joint production cost that Petronwould allocate to each of the three joint products by using physical unit method and relativesales value method. (10 marks)