COST ACCOUNTING 



251 



ILLUSTRATION 52 Continued 

 Corn Account 



1917 



Feb. 28 Bal. on hand . . $656 . 00 



Nov. 30 From field No. 5 



(1109^ Bu.) 285.56 



Nov. 30 From field No. 6 



(752 Bu.).... 223.45 



Nov. 30 From field No,8 



(87 bu.) 32.20 



1918 



Feb. 28 Labor for year 38 . 92 



Feb. 28 Horse labor for 



year 33.66 



Feb. 28 Equip't Exp . . 4 . 50 



Feb. 28 Bldg. Expense 13 . 77 



Feb. 28 General Ex- 

 pense propor- 

 tion 8.00 



Feb. 28 To Loss & Gain 

 (net gain for 

 year) 687.42 



1918 



Mar. 1 Inventory . . 



$1,983.48 



$510 . 00 



1918 



Feb. 28 Fed during yr. 

 per feed sum- 

 mary $1,473.48 



Feb. 28 Inventory .... 510.00 



$1,983.48 



Silage Account. When corn is harvested and used for 

 silage, it is necessary to make entries to show, among others, 

 the following facts : 



1. That the Field account is credited with the cost of 

 producing the corn used in silage. 



2. That Corn account is credited with the market value 

 of the corn used in silage. 



