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:

Hawthorne Studies

A series of studies focused on the impact of working conditions on worker productivity, most famously conducted at the Hawthorne Works of the Western Electric Company in the 1920s and 1930s.

Morale Building

The process of enhancing the confidence, enthusiasm, and overall psychological well-being of a team or group, often through positive communication, recognition, and the building of a supportive work environment.

State of Flow

A mental state where a person is fully immersed in an activity, experiencing a feeling of energized focus, full involvement, and enjoyment.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.