TB MC Qu. 3-22 The following information was taken from the accou ...

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	$	70,750
Finished Goods Inventory, Beginning		13,250
Finished Goods Inventory, Ending		9,400
Cost of Goods Sold		?
Gross Margin		36,050
Direct Materials Used		12,550
Selling and Administrative Expense		?
Operating Income		17,400
Work-in-Process Inventory, Beginning		?
Work-in-Process Inventory, Ending		7,550
Direct Labor Used		10,275
Factory Overhead		13,700
Total Manufacturing Cost		?
Cost of Goods Manufactured		?

Cost of goods sold is calculated to be: