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 $308,820 Selling expenses 103,160 Administrative expenses 54,540 Sales 657,070 Finished goods inventory, January 1 74,250 Finished goods Inventory, January 31 67,680 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods Sold January 31 (b) Bandera Manufacturing Company (b) Bandera Manufacturing Company Gross Profit January 31 (c) Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses