Question 3 of 5 1.66/3 : Your answer is incorrect. If Sheffield sold all of the units completed this period for $12,006 how much gross margin did the company earn? Gross margin LA 3676 What is the gross margin percentage? (Round answer to 1 decimal place, e.g. 15.2%.) Gross margin percentage 30.6 % e Textbook and Media Assistance Used e Textbook 1 eTextbook 2 e Textbook 3 e Textbook 4 e Textbook 5 astv 4 P W X MacBook Air DII DD F12 F7 F8 F9 F10 F11 F5 F6 & del O 6 8urrent Attempt in Progress Sheffield Enterprises is aptly named because of its signature item-chewing gum! The owners started the business years ago when no existing gum had the right flavor and texture combination. After years of perfecting the process, they had a finely tuned operation. This year, Sheffield's main processing department reported the following activity and costs. Units DM Conversion Costs Units in beginning WIP Inventory 200 Beginning WIP Inventory degree of completion 100% 30% Costs in beginning WIP Inventory $290 $525 New units started 21,600 Costs added to WIP Inventory this period $4,320 $3,195 Units completed 20,700 Units in ending WIP Inventory 1,100 Ending WIP Inventory degree of completion 100% 60% All DM resources are added to Sheffield's processing department at the beginning of processing. Conversion costs are added evenly throughout the process. JUL 3 MacBook Air DD FM1 20 888 F7 F8 FO F10 E3 F4 # Vo & O O 3 4 5 6 U O P Y W E R T K G H S D F M X C V B N command option