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 $284,460 Selling expenses 95,020 Administrative expenses 50,230 Sales 605,240 Finished goods inventory, January 1 68,390 Finished goods inventory, January 31 62,340 a For the month ended January 31, determine Aricanlys cost of goods sold Aricanly Manufacturing Company Cost of Goods Sold January 31 Cost of goods soldFinished goods inventory, January 1Finished goods inventory, January 31SalesSelling expenses $ Select Cost of goods manufacturedCost of goods soldGross profitSalesSelling expenses Select Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitSales $ Select Less administrative expensesLess cost of goods soldLess finished goods inventory, January 1Less finished goods inventory, January 31Less selling expenses Select Administrative expensesCost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit $ Select b For the month ended January 31, determine Aricanlys gross profit Aricanly Manufacturing Company Gross Profit January 31 Cost of goods manufacturedCost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31Sales $ Select Administrative expensesCost of goods available for saleCost of goods manufacturedCost of goods soldSelling expenses Select Administrative expensesCost of goods available for saleCost of goods soldGross profitSelling expenses $ Select c For the month ended January 31, determine Aricanlys net income Aricanly Manufacturing Company Net Income January 31 Administrative expensesCost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profit $ Select Operating expenses Cost of finished goods available for saleCost of goods manufacturedCost of goods soldSalesSelling expenses $ Select Administrative expensesCost of finished goods available for saleCost of goods soldFinished goods inventory, January 31Gross profit Select Total operating expenses fill in the blank 1c6a8efd4fd8fc4 7 Net incomeNet loss $ Select

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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 ending January 31:

Cost of goods manufactured	$284,460
Selling expenses	95,020
Administrative expenses	50,230
Sales	605,240
Finished goods inventory, January 1	68,390
Finished goods inventory, January 31	62,340

a. For the month ended January 31, determine Aricanlys cost of goods sold.

Aricanly Manufacturing Company Cost of Goods Sold January 31
Cost of goods soldFinished goods inventory, January 1Finished goods inventory, January 31SalesSelling expenses	$- Select -
Cost of goods manufacturedCost of goods soldGross profitSalesSelling expenses	- Select -
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitSales	$- Select -
Less administrative expensesLess cost of goods soldLess finished goods inventory, January 1Less finished goods inventory, January 31Less selling expenses	- Select -
Administrative expensesCost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profit	$- Select -

b. For the month ended January 31, determine Aricanlys gross profit.

Aricanly Manufacturing Company Gross Profit January 31
Cost of goods manufacturedCost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31Sales	$- Select -
Administrative expensesCost of goods available for saleCost of goods manufacturedCost of goods soldSelling expenses	- Select -
Administrative expensesCost of goods available for saleCost of goods soldGross profitSelling expenses	$- Select -

c. For the month ended January 31, determine Aricanlys net income.

Aricanly Manufacturing Company Net Income January 31
Administrative expensesCost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profit		$- Select -
Operating expenses:
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldSalesSelling expenses	$- Select -
Administrative expensesCost of finished goods available for saleCost of goods soldFinished goods inventory, January 31Gross profit	- Select -
Total operating expenses		fill in the blank 1c6a8efd4fd8fc4_7
Net incomeNet loss		$- Select -