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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 $

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

Purchases of raw materials $ 30,000
Indirect materials included in manufacturing overhead $ 4,990
Direct labor $ 58,300
Manufacturing overhead applied to work in process $ 87,800
Underapplied overhead $ 4,160

Beginning Ending
Inventories:
Raw materials $ 11,200 $ 18,900
Work in process $ 54,000 $ 68,200
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)Raw materials inventory, beginningFinished goods inventory, beginningEnding work in process inventoryRaw materials inventory, endingBeginning work in process inventory $
(Click to select)AddDeduct : (Click to select)Beginning work in process inventoryRaw materials inventory, endingFinished goods inventory, beginningPurchases of raw materialsEnding work in process inventory
(Click to select)Total raw materials availableRaw materials inventory, endingRaw materials inventory, beginningBeginning work in process inventoryEnding work in process inventory
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingEnding work in process inventoryBeginning work in process inventoryRaw materials inventory, beginningPurchases of raw materials
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, endingPurchases of raw materialsRaw materials inventory, beginningEnding work in process inventoryDirect labor
(Click to select)Purchases of raw materialsManufacturing overhead applied to work in process inventoryBeginning work in process inventoryRaw materials inventory, endingRaw materials inventory, beginning
Total manufacturing costs
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingRaw materials inventory, beginningPurchases of raw materialsBeginning work in process inventoryEnding work in process inventory
(Click to select)AddDeduct : (Click to select)Beginning work in process inventoryPurchases of raw materialsRaw materials inventory, beginningEnding work in process inventoryRaw materials inventory, ending
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)Finished goods inventory, endingCost of goods available for saleFinished goods inventory, beginningOverapplied overheadCost of goods manufactured $
(Click to select)DeductAdd : (Click to select)Overapplied overheadUnadjusted cost of goods soldCost of goods manufacturedCost of goods available for saleUnderapplied overhead
(Click to select)Cost of goods available for saleFinished goods inventory, endingCost of goods manufacturedFinished goods inventory, beginningUnadjusted cost of goods sold
(Click to select)DeductAdd : (Click to select)Overapplied overheadUnderapplied overheadFinished goods inventory, endingCost of goods available for saleCost of goods manufactured
(Click to select)Cost of goods manufacturedFinished goods inventory, endingFinished goods inventory, beginningUnadjusted cost of goods soldUnderapplied overhead
(Click to select)AddDeduct : (Click to select)Underapplied overheadFinished goods inventory, endingCost of goods available for saleOverapplied overheadCost of goods manufactured
Adjusted cost of goods sold $

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