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20. The following information was taken from the accounting records of Elliott Manufacturing Corp. Unfortunately, some of the data were destroyed by a computer malfunction.
20. The following information was taken from the accounting records of Elliott Manufacturing Corp. Unfortunately, some of the data were destroyed by a computer malfunction.
Sales Revenue | $ | 64,750 | |
Finished Goods Inventory, Beginning | 11,250 | ||
Finished Goods Inventory, Ending | 7,800 | ||
Cost of Goods Sold | ? | ||
Gross Margin | 30,850 | ||
Direct Materials Used | 11,350 | ||
Selling and Administrative Expense | ? | ||
Operating Income | 15,800 | ||
Work-in-Process Inventory, Beginning | ? | ||
Work-in-Process Inventory, Ending | 6,350 | ||
Direct Labor Used | 9,675 | ||
Factory Overhead | 12,900 | ||
Total Manufacturing Cost | ? | ||
Cost of Goods Manufactured | ? | ||
Selling and administrative expenses are calculated to be:
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$9,675.
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$15,050.
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$12,900.
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$8,050.
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$21,400.
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