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 $272,670 Selling expenses 91,080 Administrative expenses 48,150 Sales 580,140 Finished goods inventory, January 1 65,560 Finished goods inventory, January 31 59,750 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 b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Line Item Description Amount 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 Operating expenses: Total operating expenses