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 $31$:

Line Item Description Amount

Cost of goods manufactured $$234,010$

Selling expenses $78,170$

Administrative expenses $41,330$

Sales $497,900$

Finished goods inventory, January $156,260$

Finished goods inventory, January $3151,280$

Question Content Area

a$.$ For the month ended January $31,$ determine Bandera Manufacturing$$s cost of goods sold.

Bandera Manufacturing Company

Cost of Goods Sold

January $31$

Costs Type Amount

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Question Content Area

b$.$ For the month ended January $31,$ determine Bandera Manufacturing$$s gross profit.

Bandera Manufacturing Company

Gross Profit

January $31$

Line Item Description Amount

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Question Content Area

c$.$ For the month ended January $31,$ determine Bandera Manufacturing$$s net income.

Bandera Manufacturing Company

Net Income

January $31$

Line Item Description Amount Amount

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Operating expenses:

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Total operating expenses Total operating expenses

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