Yamishi Production Had the Following Inventories for the First Quarter

question 127

Essay

Yamishi Production had the following inventories for the first quarter of 20xx:
$\begin{array}{lcr} & \text { Beginning } & \text { Ending } \\\text { Materials } & \$ 606,600 & \$ 522,100 \\\text { Work in process } & 312,100 & 280,800 \\\text { Finished goods } & 416,100 & 540,200 \\\end{array}$ Purchases of materials during the quarter were $427,800. Total direct labor costs were incurred in the amount of $1,482,000. Actual overhead costs were incurred as follows: operating supplies used, $17,100; janitorial and maintenance, $87,300; employee benefits, $26,400; utilities, $162,000; depreciation of factory, $43,200; property taxes, $24,000; factory insurance, $29,000. Net sales for the quarter were $3,562,200. Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent.
Prepare a statement of cost of goods manufactured for the first quarter of 20xx.

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Definitions:

Monosaccharides

Simple sugars that cannot be hydrolyzed to smaller carbohydrates, examples include glucose and fructose.

Water Soluble

Describes substances that can dissolve in water.

Fischer Projection

A two-dimensional representation of a three-dimensional organic molecule by projection, displaying chiral centers and spatial configuration.

D-Glucose

A monosaccharide sugar with several key biological roles, often referred to as blood sugar, dextrose, or grape sugar.