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 $178,460 Selling expenses 59,610 Administrative expenses 31,520 Sales 379,700 Finished goods inventory, January 1 42,910 Finished goods inventory, January 31 39,110 Question Content Area a. For the month ended January 31, determine Aricanlys cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 $Finished goods inventory, January 1 Cost of goods manufactured Cost of goods manufactured Cost of finished goods available for sale $Cost of finished goods available for sale Less finished goods inventory, January 31 Less finished goods inventory, January 31 Cost of goods sold $Cost of goods sold Feedback Area Feedback a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. Question Content Area b. For the month ended January 31, determine Aricanlys gross profit. Aricanly Manufacturing Company Gross Profit January 31 Sales $Sales Cost of goods sold Cost of goods sold Gross profit $Gross profit Feedback Area Feedback b. Sales minus cost of goods sold equals gross profit. Question Content Area c. For the month ended January 31, determine Aricanlys net income. Aricanly Manufacturing Company Net Income January 31 Gross profit $Gross profit Operating expenses: Selling expenses $Selling expenses Administrative expenses Administrative expenses Total operating expenses fill in the blank 5dde9c08502705b_7 Net income $Net income