The following Information was taken from the accounting records of Elliott Manufacturing Corp. Unfortunately, some of the data were destroyed by a computer malfunction. $ 61,750 10,250 7,000 28,250 10,750 Sales Revenue Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Cost of Goods Sold Gross Margin Direct Materials Used Selling and Administrative Expense Operating Income Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Direct Labor Used Factory Overhead Total Manufacturing Cost Cost of Goods Manufactured 15,000 5,750 19,375 12,500 Cost of goods sold is calculated to be: Multiple Choice $30.250 O $32,500 $33.500. O C $27,500