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

Selling expenses

Administrative expenses

Sales

Finished goods inventory, January $1$

Finished goods inventory, January $31$ $$227,630$

$76,040$

$40,200$

$484,320$

$54,730$

$49,880$

a$.$ For the month ended January $31,$ determine Bandera Manufacturing's cost of goods sold.

Bandera Manufacturing

Company

Cost of Goods Sold

January $31$

$

$$

$ $q,q,q,$

b$.$ For the month ended January $31,$ determine Bandera Manufacturing's gross profit.

Bandera Manufacturing

Company

Gross Profit

January $31$

$4$

longrightarrow $$

c$.$ For the month ended January $31,$ determine Bandera Manufacturing's net income.

Bandera Manufacturing Company

Net Income

January $31$

Operating expenses: $$

Total operating expenses $$