Document Lp6XM6E7NdMEzQvNYMz3KLkxz
CURRENT ASSETS
INVENTORIES
Fr e ig h t on *c e n c y St o c k - Zin c Ox id e De p ar t men t
Le d g er De b it Ba l a n c e , Ju n e 30t h , 1942
$ 5-100.35
Ac c o u n t w a s v e r if ie d h a k s t Re c o u p a s f o l l o w s ! Le o s er De b it Ba l a n c e , Oc t o b e r 31s t , 1940
POUNOS 1,194,595
AMOU NT $ 6,311.36
De b it s - No v emb er 1s t , 1940 t o Ju n e 30t h , 1942, In c a
Tr a n s f e r s o u t t o s t o c k s
4,903,502
25,368.46
6,096,097 $ 31,679.82
Cr e o it s - No v emb er 1s t , 1940 t o Ju n e 30t h , 1942, In c i
Sa l e s f r o m St o c k s Sa mpl e s s mip p e o
5,247,746 $ 26,576.57 501 2.90 5,248,247
26,579.47
849,850 $ 5,100.35
a t Ju n e 30t h , 1942, a v en a c e f r e ig h t pa p o u n o o f ma t e r ia l s t a n o s a t $.006 AS AGAINST $.0053 PER po u n d a t b e g in n in g o f a u o it PERICO.
Fr e ig h t o n Ag e n c y St o c k s - Wh it e Le a d Pe ak r t mc k t
Le o g er De b it Ba l a n c e , Ju n e 30t h , 1942
$ 14,066.10
Ac c o u n t w a s v e r if ie d a g a in s t Re c o r o s a s f o l l o w s !
LEDca De b it Ba l a n c e, Oc t o be r 31s t ,1940
Wh it e Le a d
Le a d -in -o il
Po u n d s
Amo u n t
Po u n o s
Amo u n t
819,676 $ 4,289.31 1,700,088 $ 9,503.49
De b it s - No v e mbe r 1s t , 1940 t o Ju n e 30t h , 1942, In c l u s iv e
Tr a n s f e r s o u t t o St o c k
3,494,546
19,630,34 5,115,981 31,841.41
4,314,222 $ 23,969.65 6,816,069 $ 41,344.90
Cr eo it s - No v e mb er 1s t , 1940 t o Ju ic 30t h , 1942, In c l u s iv e !
Sa l e s f r o m St o c k s
(1)
3,772,072
20,981.OS 4,935,339
30,267.40
542,150 $ 2,988.60 1,880,730 $ 11,077.50
(1) In c l u d es 100 p o u n d s o f Wh it e Le a d a n o 1,134.5 p o u n o s o f Le a d -in -Oil s a mpl e s .
At Ju n e 30t h i 1942, a v e r a g e f r e ig h t per p o u n d o f Dr y Wh it e Le a d w a s $.0055 a n o Le ao -in --Oil w as $.0059, a s a g a in s t $.0052 a n d $.0056, r e s p e c t iv e l y , a t b e g in n in g OF AUOIT PERIOD.
YC00000987
N10140
CURRENT ASSETS
INVENTORIES (Co n t in u e d )
Ma t e r ia l a n o Su p p l ie s
Le d g er De b it Ba l a n c e , Ju n e 30t h , 1942
Th is b a l a n c e is d e t a il e d a s f o l l o w s !
St o r er o o m Su p p l ie s Fu e l s Fl u x es a n o Ch e mic a l s La b o r a t o r y Su p p l ie s Co n t a in e r s Lin s e e o Oil a n o Tu r p e n t in e
$ 229.944.73
$ 112,240.98 19,099.33 26,171.00 819.20 50,383.65 (I) 21,230.57 (I)
$ 229,944.73
(1) Th e s e ar e c o r r e c t e d f ig u r e s . Vo u c h e r No . 2878 w a s p o s t eo IN ERROR THEREBY OYER STATINS CONTAINERS BY $907.50, ANO u n o e r s t a t in c l in s e e o Oil a n o Tu r p e n t in e b y a n e q u a l a mo u n t .
St o r er o o m Su p p l ie s
A PHYSICAL CHECK WAS MADE OF STOCKS ASAGAINST INVENTORY RECORDS OF TWO HUNDRED THIRTY ONE (231) INDIVIDUAL ITEMS OF STOCK, WHICH WE FEEL WERE QUITE REPRESENTATIVE OF THE STOCKS AS A WHOLE. Th is c h ec k r e s u l t e d in t h e f in d in g o f n in e t y -t h r e e (93) d if f e r e n c e s , OR 43.26$ OF TOTAL ITEMS CHECKED, AND AMOUNTEO TO A NET OVERACE OF $56.23.
Th e r e w e r e s e v e r a l in s t a n c e s w h e r e it e n b w e r e f o u n o t o b e s h o r t a n d UPON INVESTIGATION it WAS FOUNO THAT SUPPLIES HAD BEEN TAKEN OUT WfTHOUT REQUISITION*. Tn |( IS NOT A USUAL PRACTICE AND APPARENTLY WAS PRACTICED ONLY DURING PER 100 OF STRIKE. PROPER REQUISITION* WERE SECURED ON ALL ITEMS NOTED.
Th e GENERAL CONDITION OF STOCKS ANO RECOROS WAS QUITE BELOW THE GOOD STANOARO THAT HAS BEEN EVIDENT IN PAST YEARS. THIS CONDITION HAS SEEN REALIZEO FOR SOME TIME ANO AN EFFORT IS NOW BEING MADE TO CORRECT THE SITUATION WHICH HAS BEER BROUGHT ABOUT THROUGH THE NECESSITY OF HAVING TO MAKE TWO REPLACEMENTS IN THE POSITION OF ASSISTANT STOREKEEPER b e t w e e n Ma r c h a n o Ju l y , 1942, b y t h e u s e o f in e x p e r ie n c e d h e l p .
Th e r e w e r e n o e r r o r s o f imp o r t a n c e n o t ed in t e s t c h e c k in g r e c e ip t s AND ISSUES AGAINST STOCK RECOROS.
Ou t s id e Su p p l ie s
St o c k s o f Fu e l s , Fl u x es a n o Ch e mic a l s , Co n t ain e r s , a n o Lin s e e o Oil a n d Tu r p e n t in e w e r e s c r u t in iz e d a n d c o mp ar e d a c a iw t b o o k f ig u r e s . Th e s e s t o c k s , w h ic h a r e c h e c k e o mo n t h l y , a pp ea r ed t o BE IN 6000 OROER.
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