INTERPRETATION OF COST ACCOUNTS 363 



From a study of Illustration 67, it is observed that there 

 are six main divisions of the subject matter, the first four 

 being subdivided to show quantities as well as values. 

 (1) On hand at the start of the year. (2) Harvested dur- 

 ing the year. (3) Total available for use or sale. (4) 

 Available supply accounted for. (5) Profit on the crop. 

 (6) Where harvested. 



This form of analysis is meant as a substitute for the 

 Comparative Analysis of Illustration 64. However, both 

 of them could be prepared if the size of the farm war- 

 ranted such preparation. The "Line No." of Illustration 

 67 has no special relation to the "Result No." of Illustra- 

 tion 64. 



Policies of management may be formulated from -a study 

 of the Production and Cost Record of Illustration 67 in 

 a way similar to that described under "A Study of the 

 Comparative Analysis," page 357. 



As suggested in connection with the first Crop Analysis, 

 the Comparative Crop Production Record may be placed 

 in a bound columnar book, permitting the figures of from 

 five to ten years to be placed side by side for study and 

 criticism. 



Here again, Corn account is used only as an example 

 of crops. The figures taken from the Field and Corn ac- 

 counts of Illustration 63 are used in Illustration 67, in the 

 column for the year 1917 (ended Feb. 28, 1918). This af- 

 fords an excellent comparison of the relative value and ap- 

 plication of Illustrations 64 and 67, since both are created 

 from the same set of figures. 



It should be noted that shrinkage is provided for, but 

 that there was none to report for the year ended Feb. 28, 

 1918. This undoubtedly is due to the method of taking 

 the inventory of corn on Feb. 28, 1918. The inventory 

 on that date, amounting to lOSO 1 /^ bushels, was probably 

 obtained by examining the figures for bushels produced. 



