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 $322,720 Selling expenses 107,800 Administrative expenses 56,990 Sales 686,640 Finished goods inventory, January 1 77,590 Finished goods inventory, January 31 70,720 Question Content Area a For the month ended January 31, determine Bandera Manufacturings cost of goods sold Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1Finished goods inventory, January 31SalesSelling expenses $ Select Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit Select Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit $ Select Administrative expensesFinished goods inventory, January 1Finished goods inventory, January 31Selling expenses Select Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit $ Select Question Content Area b For the month ended January 31, determine Bandera Manufacturings gross profit Bandera Manufacturing Company Gross Profit January 31 Cost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31Sales $ Select Cost of goods available for saleCost of goods manufacturedCost of goods soldSelling expenses Select Administrative expensesCost of goods available for saleCost of goods soldGross profit $ Select Question Content Area c For the month ended January 31, determine Bandera Manufacturings net income Bandera Manufacturing Company Net Income January 31 Cost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profit $ Select Operating expenses Cost of goods manufacturedCost of goods soldSalesSelling expenses $ Select Administrative expensesCost of goods soldFinished goods inventory, January 31Gross profit Select Total operating expenses fill in the blank 9df5ea02b057044 7 Cost of goods available for saleCost of goods soldGross profitNet income $ Select

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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	$322,720
Selling expenses	107,800
Administrative expenses	56,990
Sales	686,640
Finished goods inventory, January 1	77,590
Finished goods inventory, January 31	70,720

Question Content Area

a. For the month ended January 31, determine Bandera Manufacturings cost of goods sold.

Bandera Manufacturing Company Cost of Goods Sold January 31
Finished goods inventory, January 1Finished goods inventory, January 31SalesSelling expenses	$- Select -
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit	- Select -
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit	$- Select -
Administrative expensesFinished goods inventory, January 1Finished goods inventory, January 31Selling expenses	- Select -
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit	$- Select -

Question Content Area

b. For the month ended January 31, determine Bandera Manufacturings gross profit.

Bandera Manufacturing Company Gross Profit January 31
Cost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31Sales	$- Select -
Cost of goods available for saleCost of goods manufacturedCost of goods soldSelling expenses	- Select -
Administrative expensesCost of goods available for saleCost of goods soldGross profit	$- Select -

Question Content Area

c. For the month ended January 31, determine Bandera Manufacturings net income.

Bandera Manufacturing Company Net Income January 31
Cost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profit		$- Select -
Operating expenses:
Cost of goods manufacturedCost of goods soldSalesSelling expenses	$- Select -
Administrative expensesCost of goods soldFinished goods inventory, January 31Gross profit	- Select -
Total operating expenses		fill in the blank 9df5ea02b057044_7
Cost of goods available for saleCost of goods soldGross profitNet income		$- Select -