$7$he following information was taken from the accounting records of Elliott Manufacturing Corporation. Unfortunately, some of the data were destroyed by a computer malfunction. Sales Revenue$ $69,250$Finished Goods Inventory, Beginning$12,750$Finished Goods Inventory, Ending$9,000$Cost of Goods Sold?Gross Margin$34,750$Direct Materials Used$12,250$Selling and Administrative Expense?Operating Income$17,000$Work$-$in$-$Process Inventory, Beginning?Work$-$in$-$Process Inventory, Ending$7,250$Direct Labor Used$10,125$Factory Overhead$13,500$Total Manufacturing Cost?Cost of Goods Manufactured? Cost of goods manufactured is calculated to be:Multiple Choice