Metlock, Inc. has the following income statement (in millions): METLOCK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $500 Cost of Goods Sold 375 Gross Profit 125 Operating Expenses 72 Net Income $ 53 Using vertical analysis, what percentage is assigned to cost of goods sold? 100% O 50% O 75% O 41% View Policies Current Attempt in Progress Swifty Corporation applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $50000 of direct materials costs and $225000 of manufacturing overhead. The total manufacturing costs for Job No 176 is $425000 O $275000 $475000 O $300000 Save for Later Attempts of funds