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 $300,230 Selling expenses 100,290 Administrative expenses 53,020 Sales 638,790 Finished goods inventory, January 1 72,180 Finished goods inventory, January 31 65,800 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 72.180 Cost of goods manufactured 300,230 Cost of finished goods available for sale Finished goods inventory, January 31 Cost of goods sold 0. Feedback b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Sales Cost of goods sold Gross profit c. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Net Income January 31 Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net income 00 Feedback