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 $243,650 81,390 43,030 518,400 58,580 53,400 For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Gonzalez Manufacturing Company Cost of Goods Sold July 31, 2016