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 Gross Profit Percentage for 2022 was: