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 $238,980 Selling expenses 79,830 Administrative expenses 42,200 Sales 508,460 Finished goods inventory, January 1 57,460 Finished goods inventory, January 31 52,370 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 $ 4 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 Operating expenses: Total operating expenses