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 $188,450 Selling expenses 62,950 Administrative expenses 33,280 Sales 400,950 Finished goods Inventory, January 1 45,310 Finished goods inventory, January 31 41,300 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods Sold January 31 (b) Bandera Manufacturing Company Gross Profit January 31 Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses