Parmitan Corporation has provided the following data concerning last month%u2

    Parmitan Corporation has provided the following data concerning last month%u2019s manufacturing operations.

    Purchases of raw materials $ 31000

    Indirect materials included in manufacturing overhead $ 4940

    Direct labor $ 58500

    Manufacturing overhead applied to work in process $ 87800

    Underapplied overhead $ 4160

    Beginning Ending

    Inventories:

    Raw materials $ 11900 $ 19200

    Work in process $ 54600 $ 68900

    Finished goods $ 34600 $ 42900

    Required:

    1. Prepare a schedule of cost of goods manufactured for the month. (Input all amounts as positive values.)

    Parmitan Corporation

    Schedule of Cost of Goods Manufactured

    Direct materials:

    $

    :

    :

    Raw materials used in production

    : $

    Total manufacturing costs

    :

    :

    Cost of goods manufactured $

    2.

    Prepare a schedule of cost of goods sold for the month. (Input all amounts as positive values.)

    Parmitan Corporation

    Schedule of Cost of Goods Sold

    $

    :

    :

    :

    Adjusted cost of goods sold $

                                                                                                                                      Order Now