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\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 60416 with 2. Write the result 120832 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\phantom{\times}362496\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 60416 with 6. Write the result 362496 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\phantom{\times}362496\phantom{9}\\\phantom{\times}483328\phantom{99}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 60416 with 8. Write the result 483328 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\phantom{\times}362496\phantom{9}\\\phantom{\times}483328\phantom{99}\\\phantom{\times}543744\phantom{999}\\\end{array}
Now multiply the first number with the 4^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 60416 with 9. Write the result 543744 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\phantom{\times}362496\phantom{9}\\\phantom{\times}483328\phantom{99}\\\phantom{\times}543744\phantom{999}\\\underline{\phantom{\times}241664\phantom{9999}}\\\end{array}
Now multiply the first number with the 5^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 60416 with 4. Write the result 241664 at the end leaving 4 spaces to the right like this.
\begin{array}{c}\phantom{\times}60416\\\underline{\times\phantom{}49862}\\\phantom{\times}120832\\\phantom{\times}362496\phantom{9}\\\phantom{\times}483328\phantom{99}\\\phantom{\times}543744\phantom{999}\\\underline{\phantom{\times}241664\phantom{9999}}\\\phantom{\times}-1282504704\end{array}
Now add the intermediate results to get final answer.