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 $$203,060$

Selling expenses

$67,830$

Administrative expenses

$35,860$

Sales

$432,040$

Finished goods inventory, January $1$

$48,820$

Finished goods inventory, January $31$

$44,500$

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 $31$

$

$

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

Bandera Manufacturing Company

Net Income

January $31$

Operating expenses:

Total operating expenses