18-3 Exercises & Problems Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31 Cost of goods manufactured $290,990 Selling expenses 97,200 Administrative expenses 51,390 Sales 619,130 Finished goods inventory, January 1 69,960 Finished goods inventory, January 31 63,770 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) income Bandera Manufacturing Company Cost of Goods Sold January 31 Bandera Manufacturing Company Gross Profit January 31 Bandere Cost of Gosde Sale Bandera Manufacturing Company Gross Profit January 31 Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses