Laboratory Manual Cost Accounting

Cover Laboratory Manual Cost Accounting
Laboratory Manual Cost Accounting
Fayette H Fayette Herbert Elwell
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Prepare statement showing production cost and year's profit from oper- ation.
PROBLEM 27 (Louisiana, 1917) The Mutual Distilling Co. Was organized on June 1, 1916, for the purpose of manufacturing alcohol from molasses. It started operations on July 1, 1916, and on December 31, 1916, the Trial Balance of the General Ledger was as follows : Real Estate $ 10, 000. 00 Buildings 97, 000. 00 Machinery and Equipment 145, 000. 00 Capital Stock $250, 000. 00 Cash 5, 700. 00 Accounts Receivable 81, 500.
... 00 Bills Payable 105, 000. 00 Accounts Payable 15, 183. 00 Alcohol Sales 164, 126. 50 Freight (Outbound) 20, 244. 50 Return f and Allowances 2, 875. 00 Molasses 89, 124. 00 Repairs and Replacements 1, 806. 50 Cooperage 32, 186. 00 Superintendence 1, 700. 00 Factory Labor 6, 766. 00 Fuel and Engine Room Supplies 5^964. 00 Factory Supplies 5, 742. 50 Brokerage and Commission 4, 669. 00 Traveling Expenses 1, 032. 00 Other Selling Expenses 500. 00 Salaries of Officers 6, 000. 00 Salaries of Clerks 1, 800.

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