348 MANAGEMENT Oi" DAIRY PLANTS 



the coming month's business by comparing expenses, output, 

 etc., with that of the corresponding month of previous years. 

 This is a valuable method for guarding against losses, and it is 

 known that large companies have made good returns by adopt- 

 ing this system. 



Records from which the figures are obtained for the profit and 

 loss report are the purchase record, the sales record, and the 

 monthly inventory record. 



FORM XLI 

 Statement or Profit and Loss for May 

 BiMer Cr. 



Butter sales, 18,718 lbs $11,979.52 



Buttermilk sales 41.00 



Steam sold to ice cream department 20.00 



Butter on hand, June ist, 4,712 lbs 2,827.20 



Coal on hand 24.00 



Factory supplies on hand 343-46 



Office supplies on hand 24.50 



$15,259.68 



Dr. 



Butter on hand. May ist, 4,078 lbs $ 2,854.60 



Coal on hand, " " 6.00 



Factory supplies on hand, May ist 260.51 



Office supplies on hand " " 18.00 



Milk and cream purchased 11,195.14 



Factory supplies purchased 347-00 



Office " " 10.00 



Coal purchased 72.00 



Power " 20.00 



Drayage 15.00 



Rent 30.00 



Labor 200.00 



Ice 7.50 



Repairs 15.00 



Interest and insurance 19.50 



Depreciation 30.00 



Loss on consignments 46.48 



Profit for May 112.9S 



$15,259.68 



