In Module 2 we leamed about job order costing and completed the Cost of Goods Manufactured statement. Use the financial information given for Beyond Meat, Inc. 1. The schedule below looks like Exhibit 3-9 on page 116 of our text. Using the financial statement information for Beyond Meat, given below, fill in the inventory balances and Beyond Meat, Inc. Summary of Cost of Goods Sold for the year ended December 31, 2019 Cost of goods manufactured (amounts in thousands) Add: Beginning finished goods inventory (Dec 31, 2018) Cost of goods available for sale Less: Ending finished goods inventory (Dec. 31, 2019) Cost of goods sold (for year ended Dec 31, 2019) 0 2. The schedule below is like Exhibit 3-8 on page 114 of our text. Using the cost of goods manufactured amount computed in #1 above and the inventory balances for work in process from Beyond Meat, Inc. financial information, compute Total manufacturing costs added to production. Beyond Meat, Inc. Schedule of Cost of Goods Manufactured for the year ended December 31, 2019 amounts in thousands Total manufacturing costs added to production Add: Beginning work in process inventory (Dec 31, 2018) Total cost of work in process during the year Less: Ending work in process inventory (Dec. 31, 2019) Cost of goods manufactured Part 1 and 2 are worth 6 points each plus 3 points for formatting numbers with dollars, commas and including underlines. BEYOND MEAT, INC. Notes to Financial Statements Note 1. Introduction The Company Beyond Meat, Inc., a Delaware corporation (the "Company"), is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats. The Company builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating the Company's plant-based meat products. The Company's brand commitment, Eat What You Love" represents a strong belief that by eating the Company's plant-based meats, consumers can enjoy more, not less, of their favorite meals, and by doing so, help address concerns related to human health, climate change, resource conservation and animal welfare. Note 4. Inventories Major classes of inventory were as follows (in thousands) Raw materials and packaging Work in process Finished goods Total December 31, 2019 2018 $ 36,884 $ 13,756 17,958 2,517 26,754 13,984 81,596 $ 30,257 BEYOND MEAT, INC. Statements of Operations (In thousands, except share and per share data) Year Ended December 31, 2019 2018 2017 Net revenues $ 297.897 87.934 $ 32,581 Cost of goods sold 198,141 70,360 34,772 Gross profit (loss) 99.756 17.574 (2,191) Research and development expenses 20.650 9.587 5,722 Selling, general and administrative expenses 74.726 34,461 17,143 Restructuring expenses 4.869 1,515 3.509 Total operating expenses 100.245 45,563 26,374 Loss from operations (489) (27,989) (28.565) Other expense, net Interest expense (3.071) (1.128) (1.002) Remeasurement of warrant liability (12.503) (1.120) (385) Other, net 3.629 352 (427) Total other expense, net (11.945) (1,896) Loss before taxes (12.434) Income tax expense Net loss 9 (29.885) 1 (1.814) (30.379) 5 $ (12,443) $ (29,886) $ (30.384)