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Cost of goods sold, profit margin, and net income for a manufacturing company The following information is available for Vogt Manufacturing Company for the month

Cost of goods sold, profit margin, and net income for a manufacturing company

The following information is available for Vogt Manufacturing Company for the month ending July 31, 2014:

Cost of goods manufactued $360,000
Selling expenses 114,750
Administrative expense 60,750
Sales 729,000
Finished goods inventory, July 1 81,000
Finished goods inventory, July 31 75,000

For the month ended July 31, 2014, determine Vogt's (a) cost of goods sold, (b) gross profit, and (c) net income.

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