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Draper Textiles Inc Required:
A

question 9

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Draper Textiles Inc. had the following data for the period just ended.  Work in process - Jan 1 $40,000 Work in process - Dec 31 52,000 Finished goods - Jan 1 60,000 Finished goods - Dec 31 81,000 Direct materials used 106,000 Direct labour 300,000 Factory depreciation 90,000 Sales 1,000,000 Advertising expense 50,000 Factory utilities 20,000 Indirect materials 20,000 Indirect labour 30,000\begin{array} { l r } \text { Work in process - Jan 1 } & \$ 40,000 \\\text { Work in process - Dec 31 } & 52,000 \\\text { Finished goods - Jan 1 } & 60,000 \\\text { Finished goods - Dec 31 } & 81,000 \\\text { Direct materials used } & 106,000 \\\text { Direct labour } & 300,000 \\\text { Factory depreciation } & 90,000 \\\text { Sales } & 1,000,000 \\\text { Advertising expense } & 50,000 \\\text { Factory utilities } & 20,000 \\\text { Indirect materials } & 20,000 \\\text { Indirect labour } & 30,000\end{array} Required:
A. Calculate Draper's cost of goods manufactured.
B. Calculate Draper's cost of goods sold.

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Definitions:

Motivated Forgetting

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A part of the brain located at the front of the frontal lobe, crucial for decision making, social behavior, and personality expression.

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A mnemonic device that involves associating items to be remembered with physical locations.

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Highly detailed and clear mental pictures generated by the mind, often used in memory and creative processes.

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