Almost contemporaneously with The Wealth of Nations, a treatise on bookkeeping and accounts was published which shows a lucid awareness of several cost issues, especially of the futility of attempting to allocate common or joint cost. This book is Robert Hamilton's An Introduction to Merchandise.
Yamey, Basil S.
"Common costs and business decisions: An historical note,"
Accounting Historians Journal: Vol. 2
, Article 1.
Available at: https://egrove.olemiss.edu/aah_journal/vol2/iss1/1