Most of the data in the 2018 Cost Statement was accurate. Cost Statement data was generally consistent with data in the Farm Business System (FBS), which is the Department’s cost accounting system.
The Department reported $92.6 million in sales revenues. Most revenues in the 2018 Cost Statement are intra-agency sales ($71.4 million).
The intra-agency sales total was consistent with the market values used in the Cost Statement and the amounts of products that the Department reported that it sold.
The Department reported $57.9 million in cost of goods sold and $3.5 million other operating expenses in the 2018 Cost Statement.
Direct materials transactions that were tested matched with supporting documents and corresponding transactions in the Advanced Purchasing and Inventory Control System (ADPICS),
which is the Department’s purchasing system. The Department also reported transfers accurately.
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