COST ACCOUNTING 249 



credit money column of Field No. 5 account and debit 

 money column of Corn account on the line which previously 

 showed only the number of bushels transferred from the 

 Field to the Crop account. At that time the cost of pro- 

 duction per bushel is calculated and recorded in the Field 

 account in the same way that the 25.7 cents is shown in 

 Illustration 52. This cost does not include the cost of husk- 

 ing, as that is charged to the Corn account. The 25.7 cents 

 represents the cost, on a basis of which one might sell his 

 crop in the field. 



Operation of Crop Accounts. The Corn account pre- 

 sented in Illustration 52, typical of all crop accounts, is 

 charged with the value of corn on the farm at the 'begin- 

 ning of the fiscal year. It is charged at the time of harvest 

 with the number of bushels from each field, the figures be- 

 ing placed in the explanation column. The other charges 

 are posted to the account at the close of the year, at which 

 time also the value of the corn harvested from the several 

 fields is recorded in the money column on the debit side of 

 Corn account, as explained above in the discussion of Field 

 No. 5 account. The value of corn fed to livestock is cred- 

 ited to Corn account at the close of the year from the yearly 

 feed summary or from the journal entry prepared from the 

 summary. Any sales on the market are credited at the 

 time of sale or at least are recorded in the cash journal 

 as credits to Corn account. They may be posted at the close 

 of the year. The inventory entry for corn on hand is made, 

 and any balance remaining in the account thereafter is 

 transferred to Loss and Gain account at the close of the 

 year. 



In the Corn account shown in Illustration 52, it may be 

 seen that three fields contributed to the supply of corn. 



The labor and horse labor charged to the Corn account 

 represent the charge for husking. These charges, together 

 with other costs shown in the account except the inventory 



