The Following Information Was Taken from the Accounting Records of Elliott

question 6

Multiple Choice

The following information was taken from the accounting records of Elliott Manufacturing Corp. Unfortunately, some of the data were destroyed by a computer malfunction. $\begin{array}{lr}\text { Sales Revenue } & \$ 58,000 \\\text { Finished Goods Inventory, Beginning } & 9,000 \\\text { Finished Goods Inventory, Ending } & 6,000 \\\text { Cost of Goods Sold } & ? \\\text { Gross Margin } & 25,000 \\\text { Direct Materials Used } & 10,000\\\text { Selling and Administrative Expense } & ? \\\text { Operating Income } & 14,000 \\\text { Work-in-Process Inventory, Beginning } & ? \\\text { Work-in-Process Inventory, Ending } & 5,000 \\\text { Direct Labor Used } & 9,000 \\\text { Factory Overhead } & 12,000 \\\text { Total Manufacturing Cost } & ? \\\text { Cost of Goods Manufactured } & ?\end{array}$ Selling and administrative expenses are calculated to be:

• A)$4,000.
• B)$9,000.
• C)$11,000.
• D)$12,000.
• E)$16,000.

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Definitions:

CHO

An abbreviation commonly used for carbohydrates, a group of molecules that includes sugars, starches, and fiber, critical for providing energy to living organisms.

Skeletal Muscle

A type of muscle tissue that is attached to bones and is responsible for voluntary movements of the body.

Papillae

Small, nipple-like projections on the surface of the tongue containing tastebuds or on the skin.

Hydrochloric Acid

A strong, corrosive acid that is a major component of gastric juice, aiding digestion by breaking down foods and killing microbes.