Question
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
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 $143,090 Selling expenses 47,800 Administrative expenses 25,270 Sales 304,440 Finished goods inventory, January 1 34,400 Finished goods inventory, January 31 31,360 a. For the month ended January 31, determine Bandera Manufacturings cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 $fill in the blank b8e1b109e00600f_2 Cost of goods manufactured fill in the blank b8e1b109e00600f_4 Cost of finished goods available for sale $fill in the blank b8e1b109e00600f_6 Finished goods inventory, January 31 fill in the blank b8e1b109e00600f_8 Cost of goods sold $fill in the blank b8e1b109e00600f_10 b. For the month ended January 31, determine Bandera Manufacturings gross profit. Bandera Manufacturing Company Gross Profit January 31 Sales $fill in the blank 0f5feff99032057_2 Cost of goods sold fill in the blank 0f5feff99032057_4 Gross profit $fill in the blank 0f5feff99032057_6 c. For the month ended January 31, determine Bandera Manufacturings net income. Bandera Manufacturing Company Net Income January 31 Gross profit $fill in the blank 249081035070fdc_2 Operating expenses: Selling expenses $fill in the blank 249081035070fdc_4 Administrative expenses fill in the blank 249081035070fdc_6 Total operating expenses fill in the blank 249081035070fdc_7 Net income $fill in the blank 249081035070fdc_9
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