

7ni 



be i. therefore, for ill 



c purposes repairs, vacations, and invent' 



For a small plant, a physical inventory may be 

 cheaper than the maintenance of a perpetual in- 

 In m.mv cases both systems are used, 

 the pcrpctu.il inventory t'or information on run- 

 ning balances during the year, and a physical in- 

 for checking purpose. Whatever the 

 systems, it is likely that the 

 practice of taking physical inventories will have 

 a place for a long time. 



Me ill- it-finite date for 



ng a general inventory should be fixed well in 

 advance, the organ set up, and every man 



instructed clearly as to his duties in connection 

 i it. Usually, the foreman of each depart- 

 ment has charge of the actual work of taking the 

 inventory in his department, as he is most familiar 

 i the material passing through it. Every 

 fore >ncerned should be responsible for the 



accuracy of tlu i of all the material in his 



department. It is best to take the work in process 

 first, so that it the number of days provided docs 

 not prove sufficient the checking of the finished 

 stock and raw material may be left to the last 

 handled, if necessary, after the works have 

 resumed ope 



An ample number of consecutively numbered 

 tags similar to Figure 4, arc given out in batches 

 of from 100 to 500 tags, as may be required 



