Draper Textiles Inc Required:
A

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