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 Selling expenses Administrative expenses Sales Finished goods inventory, July 1 Finished goods inventory, July 31 For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income. $233,540 78,010 41,240 496,890 56,150 51,180 Gonzalez Manufacturing Company Cost of Goods Sold Finished goods inventory, July 1, 2016 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory,July 31, 2016 Cost of goods sold