Chapter 1 GMall is a merchandising company it does not manufacture the products its specializing in the sale of sports spare During January GMail showed the following items Cost of goods sold $ 180,000 Sales revenues $ 500.000 Fixed selling expenses $ 80,000 Variable selling expenses $ 40,000 What is the contribution margin and the gross margin for January? Contribution margin $ 460,000 and Gross margin $ 380,000 Contribution margin $ 280,000 and Gross margin $ 200,000 Contribution margin $ 320,000 and Gross margin $ 200,000 O Contribution margin $ 280,000 and Gross margin $ 320,000 Previous