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Given the following information, calculate X Company's Cost of Goods Sold and Gross Margin.
Revenue: $5,000
Gross Profit: $2,500
SG&A: 900
Taxes: 50
Cost of Goods Sold= $1,050, Gross Margin = 23%
Cost of Goods Sold= $1,600, Gross Margin = 80%
Cost of Goods Sold= $1500, Gross Margin = 40%
Cost of Goods Sold= $2,450, Gross Margin=98%
Cost of Goods Sold= $2,500, Gross Margin=50%
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