The following cost data pertains to Crazy Cow Corp. for December 31st, 2022: Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000 Direct Materials Used: $100,000 Direct Costs Incurred in Production: $200,000 Indirect Costs Incurred in Production: $100,000 Beginning Finished Goods Inventories: $120,000 Ending Finished Goods Inventories: $60,000 Sales: $600,000 Selling and Administrative Expenses: $160,000 Crazy Cow's Cost of Goods Sold Percentage for 2022 was: O 60% 33% O 31% 63%