Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Aricanly Manufacturing Company for the month ending January 31: Cost of goods manufactured $297,970 Selling expenses 99,530 Administrative expenses 52,620 Sales 633,980 Finished goods inventory, January 1 71,640 Finished goods inventory, January 31 65,300 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 b. For the month ended January 31, determine Aricanly's gross profit. b. For the month ended January 31, determine Aricanly's gross profit. Aricanly Manufacturing Company Gross Profit January 31 Administrative expenses Cost of goods available for sale Cost of goods manufactured ry 31, determine Aricanlys net income. turing Company Cost of goods sold come Selling expenses y 31 Operating expenses: Total operating expenses Od b. For the month ended January 31, determine Aricanly's gross profit. Aricanly Manufacturing Company Gross Profit January 31 c. For the month ended January 31, determine Aricanly's net income. Aricanly Manufacturing Company Net Income January 31 Administrative expenses Cost of goods available for sale Cost of goods sold Finished goods inventory, January 1 Gross profit