Hello Whitebeach. If you wanted to follow this rudimentary recipe I'd simply heat the 5 oz of carrier oil (I used grape seed oil, you could use coconut instead) and melt the CCO/RSO into it, making sure it's well blended. It wouldn't take much CCO, I recall Cajun telling me once that the pain cream he makes with CCO for chemotherapeutic burns is a 1/50 mix, one part CCO to 50 parts carrier oil. That's a good ratio to start with. That ratio heals serious chemical skin burns.
Melt the beeswax into this carrier oil mix and you're good to go. This stuff is solid enough when cool that I scrape it out with my thumbnail. If I took an immersion blender to it it could be fluffed up. For my own use that's not necessary. I'm just lazy by nature and it works like this, so I'm not concerned with improving.
Cannafan has a blog section on topicals you might want to look through. Topicals were her main area of interest at the beginning of this year, so she loaded her wellness sanctuary with recipes and notes on production including this recipe.
420 Magazine ® - Making Topical Meds, cremes and tinctures - Blogs
I hope this helps. If not, hit me with more questions.