1. Find value of goods in process, using the same percentages in estimating expense items as shown for material and labor.
2. Make journal entries closing accounts into manufacturing account to show cost of goods completed during the month.
Note:—To find total cost of material and labor, used and partly used, add to the amounts shown for one month the inventory of the same items at end of preceding month.
3. Make trial balance of general ledger after books are closed as shown in model set.
GENERAL OFFICES OF THE A. B. DICK COMPANY, CHICAGO, ILL.