Thirteenth Edition College Accounting Chapters 1-30
Chapter 27 Problem Set A
OBJECTIVE: Recording purchase and issuance of direct and
indirect materials, recording labor costs, applying overhead,
computing overapplied or underapplied overhead, recording cost of
jobs completed, and cost of goods sold.
In April 2013, NoCal Trailers Co. had the following cost
data:
COST DATA
a. Raw materials costing $82,000 were purchased.
b. Raw materials costing $80,000 were used: direct materials,
$75,000; indirect materials $5,000.
c. Factory wages of $52,000 were...