Question: Inventory & COGS: Homework 1. In your notes, complete the chart below by filling in the blank spaces for selling prices, cost prices, gross

Inventory & COGS: Homework 1. In your notes, complete the chart below by filling in the blank spaces for selling prices, cost prices, gross profits, and related percentages. Selling Price $250 $80 $300 $225 $500 $200 Cost Price Gross Profit $100 $ 40 $85 $ 56 $ 75 $195 $ 54 $120 $75 $ 63 Cost of Goods Sold as a % of Selling Price 70% 65% Gross Profit as a % of Selling Price (Margin) 40% 52% Gross Profit as a % of Cost Price (Markup)

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