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 Finished Goods Inventory, Beginning Finished Goods Inventory, Ending $64,000 11,000 7,600 Cost of Goods Sold ? Gross Margin 30,200 Direct Materials Used 11,200 Selling and Administrative Expense ? Operating Income 15,600 Work-in-Process Inventory, Beginning ? Work-in-Process Inventory, Ending 6,200 Direct Labor Used Factory Overhead 9,600 12,800 Total Manufacturing Cost ? Cost of Goods Manufactured Cost of goods sold is calculated to be: Multiple Choice $33,800. $38,800. $27,800. ?