White Grey division division $130,000 $260,000 Sales (net) Salary expense Cost of goods sold 18,200 31,200 65,00097,500 The White Division occupies 20,000 square feet in the plant. The Grey Division occupies 30,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $50,000 Gross profit for the White and Grey Divisions is: White Grey $131,300 $46,800 A $111,800 $228,800 B