18.6

Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Aricanly Manufacturing Company for the month ending January 31: Cost of goods manufactured $161,510 Selling expenses 53,950 Administrative expenses 28,520 Sales 343,640 Finished goods inventory, January 1 38,830 Finished goods inventory, January 31 35,390 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 b. For the month ended January 31, determine Aricanly's gross profit. Aricanly Manufacturing Company Gross Profit January 31 b. For the month ended January 31, determine Aricanly's gross profit. Aricanly Manufacturing Company Gross Profit January 31 A c. For the month ended January 31, determine Aricanly's net income. Aricanly Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses 00