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Cost of Goods Sold (COGS) Percentage Calculation: Requirements: Calculate the percentage of sales represented by the cost of goods sold using the following information: Cost

Cost of Goods Sold (COGS) Percentage Calculation:

  • Requirements: Calculate the percentage of sales represented by the cost of goods sold using the following information:
    • Cost of Goods Sold: $60,000
    • Net Sales: $200,000

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