\begin{tabular}{|c|c|} \hline Transaction Description & Amount \\ \hline Advertising & $11,000 \\ \hline Flour, eggs, sugar & 303,000 \\ \hline Depreciation on baking equipment and kitchen & 45,000 \\ \hline Delivery expense & 8,900 \\ \hline Wages (baking employees) & 368,000 \\ \hline Research and development & 5,600 \\ \hline Utilities for bakery space & 23,000 \\ \hline Investment in mutual fund & 57.000 \\ \hline Cash proceeds from loan & 52.000 \\ \hline Wages (indirect labor) & 43,000 \\ \hline Salaries (executives and office staff) & 132.000 \\ \hline \end{tabular} Beginning Direct Materials Inventory Purchases of Direct Materials Direct Materials Available For Use Less : Ending Direct Materials Inventory Direct Materials Used Direct Labor Manufacturing Overhead Depreciation Utilities: Wages $ 50,000 $ 324,000 368,000 Total Manufacturing Costs Less : Ending WIP Inventory Cost of Goods Manufactured Add v : Beginning Finished Goods Inventory Less v : Ending Finished Goods Inventory Cost: of Goods Sold Your answer is incorrect. Given the costs you just calculated and recognizing that the company typically sets its selling prices at 130% of its product what level of sales would Donald have expected? What gross margin percentage would this generate? (Round gross margin percentage to 1 dedimal place, eg. 15.2\%) Expected sales revenue $ Gross margin percentage % eTextbook and Media eTextbook 1 eTextbook 2 eTerbook 3 e Tertbook 4