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 $