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Parmitan Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials	$	30,000
Indirect materials included in manufacturing overhead	$	4,960
Direct labor	$	59,700
Manufacturing overhead applied to work in process	$	88,800
Underapplied overhead	$	4,160

	Beginning		Ending
Inventories:
Raw materials	$	11,300	$	18,800
Work in process	$	55,900	$	66,100
Finished goods	$	34,100	$	43,500

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:
(Click to select)Ending work in process inventoryRaw materials inventory, endingRaw materials inventory, beginningFinished goods inventory, beginningBeginning work in process inventory	$
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingFinished goods inventory, beginningPurchases of raw materialsEnding work in process inventoryBeginning work in process inventory
(Click to select)Raw materials inventory, beginningBeginning work in process inventoryEnding work in process inventoryTotal raw materials availableRaw materials inventory, ending
(Click to select)AddDeduct : (Click to select)Purchases of raw materialsRaw materials inventory, beginningBeginning work in process inventoryRaw materials inventory, endingEnding work in process inventory
Raw materials used in production
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingEnding work in process inventoryBeginning work in process inventoryIndirect materials included in manufacturing overheadRaw materials inventory, beginning		$
(Click to select)Raw materials inventory, endingRaw materials inventory, beginningEnding work in process inventoryDirect laborPurchases of raw materials
(Click to select)Raw materials inventory, endingPurchases of raw materialsBeginning work in process inventoryManufacturing overhead applied to work in process inventoryRaw materials inventory, beginning
Total manufacturing costs
(Click to select)AddDeduct : (Click to select)Raw materials inventory, beginningBeginning work in process inventoryPurchases of raw materialsRaw materials inventory, endingEnding work in process inventory
(Click to select)DeductAdd : (Click to select)Raw materials inventory, beginningRaw materials inventory, endingBeginning work in process inventoryPurchases of raw materialsEnding work in process inventory
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
(Click to select)Overapplied overheadFinished goods inventory, beginningCost of goods manufacturedCost of goods available for saleFinished goods inventory, ending	$
(Click to select)DeductAdd : (Click to select)Cost of goods manufacturedCost of goods available for saleOverapplied overheadUnadjusted cost of goods soldUnderapplied overhead
(Click to select)Cost of goods manufacturedUnadjusted cost of goods soldFinished goods inventory, beginningFinished goods inventory, endingCost of goods available for sale
(Click to select)DeductAdd : (Click to select)Finished goods inventory, endingOverapplied overheadCost of goods available for saleUnderapplied overheadCost of goods manufactured
(Click to select)Unadjusted cost of goods soldCost of goods manufacturedFinished goods inventory, beginningFinished goods inventory, endingUnderapplied overhead
(Click to select)DeductAdd : (Click to select)Cost of goods manufacturedCost of goods available for saleUnderapplied overheadOverapplied overheadFinished goods inventory, ending
Adjusted cost of goods sold	$

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