The correct spelling of "pan coating man" is determined by breaking down the word into its individual phonemes. Using IPA phonetic transcription, we can see that the word starts with a voiceless bilabial plosive /p/, followed by the vowel sound /æ/ as in "cat". The second syllable consists of the consonant blend /k/ and the vowel sound /əʊ/ as in "go". The third and fourth syllables contain the sounds /k/, /əʊ/, and /t/ respectively. Therefore, the correct spelling is: p-a-n c-o-a-t-i-n-g m-a-n.