traditional 91-day fiscal quarter. Note 4: IMajor classes of inventory were as follows: (in thousands) Raw materials and packaging Work in process Finished goods Total June 29, December 31, 2019 2018 $ 25,047 $ 13,756 5,635 2,517 12,013 13,984 $ 42,695 $ 30,257 Ingredient Risk Our profitability is dependent on, among other things, our ability to anticipate and react to BEYOND MEAT, INC. Condensed Statements of Operations (In thousands, except share and per share data) (unaudited) Three Months Ended Six Months Ended June 29, June 30, June 29, June 30, 2019 2018 2019 2018 $ 67,251 $ 17,367 $ 107,457 $ 30.143 44,510 14,755 73,945 25,474 22,741 2,612 33,512 4,669 Net revenues Cost of goods sold Gross profit 4.212 2,497 8,710 4,102 Research and development expenses elling, general and administrative expenses Restructuring expenses Total operating expenses Income (loss) from operations 15,515 847 20,574 2,167 7,043 348 9,888 (7,276) 26,692 1,241 36,643 (3,131) 12,780 642 17,524 (12.855) Other expense, net: Interest expense Re-measurement of warrant liability Other income, net Total other expense, net (741) (11,744) 898 (11,587) (28) (130) 38 (120) (1,474) (12,503) 1,039 (12,938) (75) (259) 9 7 (237) (7.396) (13,092) (9,420) 21 (9.441) $ (16,069) 21 (16,090) S $ (7,396) $ (13.092) Loss before taxes Income tax expense Net loss et loss per common share-basic and diluted leighted average common shares outstanding-basic and diluted $ (0.24) $ (1.22) $ (0.69) $ (2.21) 39,081,359 6,072,319 23,206,203 5,933.806 7. The schedule below looks similar to Exhibit 2-13 on page 38 of our text. Using the information from the financial information file, fill in the inventory balances, compute the amount of Cost of goods manufactured. Cost of goods sold for the six months ended June 29, 2019 is filled in for you. (12 points) Beyond Meat, Inc. Summary of Cost of Goods Sold for the six months ended June 29,2019 (amounts in thousands) $ 13,984 Cost of goods manufactured Add: Beginning finished goods inventory (Dec 31, 2018) Cost of goods available for sale Less: Ending finished goods inventory (June 29, 2019) Cost of goods sold $ 12,013 73,945 $ 8. The schedule below is similar to Exhibit 2-12 on page 38 of our text. Using the cost of goods manufactured amount you computed in #7 above and the inventory balances for work in process from Beyond Meat, Inc. financial information file, compute Total manufacturing costs for the year. (12 points) Beyond Meat, Inc. Schedule of Cost of Goods Manufactured for the six months ended June 29,2019 amounts in thousands Total manufacturing costs for the year Add: Beginning work in process inventory (Dec 31, 2018) Total cost of work in process during the year Less: Ending work in process inventory (June 29, 2019) Cost of goods manufactured $ 2.517 $ $ 5,635 $ 71,974