Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company

The following information is available for Gonzalez Manufacturing Company for the month ending July 31, 2016:

Cost of goods manufactured	$173,020
Selling expenses	57,800
Administrative expenses	30,550
Sales	368,130
Finished goods inventory, July 1	41,600
Finished goods inventory, July 31	37,920

For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income.

(a)

Gonzalez Manufacturing Company
Cost of Goods Sold
July 31, 2016
	$
	$
	$

(b)

Gonzalez Manufacturing Company
Gross Profit
July 31, 2016
	$
	$

(c)

Gonzalez Manufacturing Company
Net Income
July 31, 2016
		$
Operating expenses:
	$
Total operating expenses
		$