The following information is available for Elliot Company. 
Instructions
(a) Compute cost of goods manufactured.
(b) Prepare an income statement through gross profit.
Definitions:
Periodic Task
This term refers to a scheduled activity in automation or software systems that repeats at fixed times or intervals to perform specific functions or checks.
Priority
The level of importance or precedence assigned to tasks, operations, or data, determining the order in which they are processed or handled.
Array Type
Refers to a data structure that consists of a collection of elements, each identified by at least one array index or key.
Tag
A label or identifier used to mark or distinguish data, components, or elements in a system for easier recognition and processing.
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