b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Line Item Description Sales Cost of goods sold Gross profit Amount 541,880 260,100 c. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Line Item Description Operating expenses: $281,780 Net Income January 31 Total operating expenses Amount Amount $

b. For the month ended January 31, determine Bandera Manufacturing's gross profit. c. For the month ended January 31, determine Bandera Manufacturing's net income. 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: a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold