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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
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 $192,550 Selling expenses 64,320 Administrative expenses 34,000 Sales 409,690 46,290 Finished goods inventory, January 1 Finished goods inventory, January 31 42,200 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 $ b. For the month ended January 31, determine Aricanly's gross profit. b. For the month ended January 31, determine Aricanly's gross profit. Aricanly Manufacturing Company Gross Profit January 31 c. For the month ended January 31, determine Aricanly's net income. Aricanly Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses
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