Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Gonzalez Manufacturing Company for the month ending July 31, 2016: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, July 1 Finished goods inventory, July 31 $309,520 103,390 54,660 658,550 74,420 67,830 For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income. (a)