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	$220,130
Selling expenses	73,530
Administrative expenses	38,870
Sales	468,360
Finished goods inventory, January 1	52,920
Finished goods inventory, January 31	48,240

Question Content Area

a. For the month ended January 31, determine Aricanlys cost of goods sold.

Aricanly Manufacturing Company Cost of Goods Sold January 31

Cost of goods soldFinished goods inventory, January 1Finished goods inventory, January 31SalesSelling expenses	$- Select -
Cost of goods manufacturedCost of goods soldGross profitSalesSelling expenses	- Select -
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitSales	$- Select -
Less administrative expensesLess cost of goods soldLess finished goods inventory, January 1Less finished goods inventory, January 31Less selling expenses	- Select -
Administrative expensesCost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit	$- Select -

Question Content Area

b. For the month ended January 31, determine Aricanlys gross profit.

Aricanly Manufacturing Company Gross Profit January 31

Cost of goods manufacturedCost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31Sales	$- Select -
Administrative expensesCost of goods available for saleCost of goods manufacturedCost of goods soldSelling expenses	- Select -
Administrative expensesCost of goods available for saleCost of goods soldGross profitSelling expenses	$- Select -

Question Content Area

c. For the month ended January 31, determine Aricanlys net income.

Aricanly Manufacturing Company Net Income January 31

Administrative expensesCost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profit		$- Select -
Operating expenses:
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldSalesSelling expenses	$- Select -
Administrative expensesCost of finished goods available for saleCost of goods soldFinished goods inventory, January 31Gross profit	- Select -
Total operating expenses		fill in the blank 374755ffdf88009_7
Net incomeNet loss		$- Select -