Answer:
Direct Materials    = $969,000
Direct Labor    	= $699,400
Factory overhead    = $214,600
WIP      	= $2,200
Finished Goods            = ($2,000)
Cost of Goods      = $1,883,200
Explanation:
Direct Materials  = $969,000
403,500 x 6 square yards = 2,421,000
2,421,000 + (40,400 - 38,900)  = 2,422,500
2,422,500 x 0.40 per square yard = $969,000
Direct Labor  = $699,400
403,500 personal journals
403,500 * 8 minutes  = 3,228,000 minutes
3,228,000/60 minutes  = 53,800
53,800 x $13.00 = $699,400
Prepare a cost of goods sold budget for Daybook Inc. using the information above
Direct Materials        = $969,000
Direct Labor        	= $699,400
Factory overhead        = $214,600
WIP  ($16,500 - $14,300)    	= $2,200
Finished Goods ($28,000 - $30,000)    = ($2,000)
Cost of Goods        	= $1,883,200