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 Selling expenses Administrative expenses Sales $198,770 66,400 35,100 422,920 47,790 43,560 Finished goods inventory, January 1 Finished goods inventory, January 31 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. Bandera Manufacturing Company Cost of Goods Sold Bandera Manufacturing Company Gross Profit January 31 Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses