Title 2 Department of Audit and Control - Chapter I Audit of Revenues and Accounts Payable from State Funds and Funds Under Its Control - Part 16 Field Audit - s 16.4 Records of articles of manufacture and farm production.

Published: 2021-01-15

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(a) Adequate records shall be kept to reflect the purchase of all raw materials for the manufacture of articles for use by the institution or agency, or for resale. Cost of manufacturing, including labor, burden and administrative expenses and inventory records shall also be maintained.

(b) Accounts shall be set up to include all costs of farm production, the quantities produced and the distribution thereof.