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 $317,880 Selling expenses 106,190 Administrative expenses 56,140 Sales 676,340 Finished goods inventory, 76,430 January 1 Finished goods inventory, 69,660 January 31 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods Sold January 31 (b) Bandera Manufacturing Company Gross Profit January 31 (C) Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses