Cost of Direct Materials used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased $192,700 Materials inventory, June 1 60,800 Materials inventory, June 30 50,700 Determine the cost of direct materials used in production by Walker during the month ended June 30. 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 $295,530 Selling expenses 98,720 Administrative expenses 52,190 Sales 628,780 Finished goods inventory, January 1 71,050 Finished goods inventory, January 31 64,760 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31