Given the costs you just calculated and recognizing that the company typically sets its selling

prices at $150\%$ of its product costs, what level of sales would Joseph have expected? Joseph, the manager at Carla's Danishes, was excited to determine the company's profit this year. It

was a break$-$out year for the company, especially after being selected to cater the World College Club

Sports Athletes' Annual Meeting. The company was thrilled! The number and variety of danishes

produced for that event alone doubled the company's sales for the year. Joseph knew the total sales

amount but had yet to determine the total COGS. He hoped that it would be low relative to sales.

Here are the transactions and amounts Joseph found when gathering information for his COGS

calculation. Total Manufacturing Costs

:longrightarrow Beginning and ending balances for several accounts for Carla's Danishes are as follows. Prepare a schedule of COGM and COGS in

good form. Utilize relevant information as needed.What gross

margin percentage would this generate? $($Round gross margin percentage to $1$ decimal place, e$.$g$.$

$15\mathrm{.}2\%.)$

Expected sales revenue

$

Gross margin percentage