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

$$308,660$

$103,110$

$54,510$

Selling expens$$s

$103,110$

Administrative expenses

$54,510$

Sales

$656,730$

Finished goods inventory, January $1$

$74,210$

Finished goods inventory, January $31$

$67,640$

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

Bandera Manufacturing

Company

Cost of Goods Sold

January $31$

$

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

Bandera Manufacturing

Company

Gross Profit

January $31$

$