We look at the division of 318047 by 60 
Let's see how many times 60 fits into 318047.

Going ahead to step 1:
60 can be fit into 3 0 times, resulting in a remainder of 3.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we subtract 0 from 3, we get 3.
Take the next digit (1) from the dividend and append it to 3, then repeat: 31 / 60

Going ahead to step 2:
60 goes into 31 0 times with a remainder of 31.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtracting 0 from 31 leaves us with 31.
Include the next digit (8) from the dividend after 31, then repeat: 318 / 60

Advancing to step 3:
60 goes into 318 5 times with a remainder of 18.
Put 5 as the next digit of the answer. 
Result so far: 5.0
The remainder is 18 after subtracting 300 from 318.
Take the next digit (0) from the dividend and append it to 18, then repeat: 180 / 60

Let's proceed to step 4:
When dividing 180 by 60, we get 3 with a remainder of 0.
Record the quotient 3 as the next digit in the result. 
Result so far: 53.0
If we subtract 180 from 180, we get 0.
Bring next digit (4) of the dividend behind the 0 and repeat the process: 4 / 60

Step 5:
When dividing 4 by 60, we get 0 with a remainder of 4.
Use 0 as the next digit of our solution. 
Result so far: 530.0
Deduct 0 from 4 and we're left with 4.
Take the next digit (7) from the dividend and append it to 4, then repeat: 47 / 60

Step 6:
60 can be fit into 47 0 times, resulting in a remainder of 47.
Write down 0 as next digit of the result. 
Result so far: 5300.0
The remainder is 47 after subtracting 0 from 47.
Since there are no more digits in the dividend, we add a zero to the remainder making it 470, and continue the process.

Let's proceed to step 7:
The number 60 fits into 470 7 times, leaving a remainder of 50.
Record the quotient 7 as the next digit in the result. 
Result so far: 5300.7
If we take 420 away from 470, we end up with 50.
Since there are no more digits in the dividend, we add a zero to the remainder making it 500, and continue the process.

Moving on to step 8:
The number 60 fits into 500 8 times, leaving a remainder of 20.
Write down 8 as next digit of the result. 
Result so far: 5300.78
Subtract 480 from 500 to get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Step 9:
If we divide 200 by 60, we get 3 and a remainder of 20.
The next digit of our result is 3. 
Result so far: 5300.783
The remainder is 20 after subtracting 180 from 200.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Let's proceed to step 10:
200 divided by 60 is 3 with a remainder of 20.
The number 3 becomes the next digit in our result. 
Result so far: 5300.7833
Deduct 180 from 200 and we're left with 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

In conclusion, the division gives 5300.7833 with a balance of 0.0002.