Shantz Corporation has provided the following data concerning last month's operations. 
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
a.Prepare a Schedule of Cost of Goods Manufactured for the month.
b.Prepare a Schedule of Cost of Goods Sold for the month.
Definitions:
Four-Month Note
A promissory note or financial instrument that matures or comes due in four months.
Interest Calculation
The process of determining the interest charge on a loan or financial holding, based on the principal, rate, and period.
Time Expression
Phrases or terms used to indicate a specific period during which an event occurs or is scheduled to take place.
Maturity Dates
The specific dates on which a financial instrument such as a bond, loan, or fixed income instrument becomes due and is to be paid off.
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