Cost of Goods Sold, Profit Margin, and Net Income for a Manufacturing Company

The following information is available for Crouching Alligator Manufacturing Company for the month ending October 31, 2016:

Cost of goods manufactured	$450,000
Selling expenses	144,500
Administrative expenses	75,900
Sales	911,250
Finished goods inventory, October 1	101,250
Finished goods inventory, October 31	93,800

(a) For the month ended October 31, 2016, determine Crouching Alligators cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Crouching Alligator Manufacturing Company
Cost of Goods Sold
October 31, 2016
	$
	$
	$

(b) For the month ended October 31, 2016, determine Crouching Alligators gross profit.

Using the data given, determine Vogt's gross profit.

Crouching Alligator Manufacturing Company
Gross Profit
October 31, 2016
	$
	$

(c) For the month ended October 31, 2016, determine Crouching Alligators net income.

Using the data given, determine Vogt's net income.

Crouching Alligator Manufacturing Company
Net Income
October 31, 2016
		$
Operating expenses:
	$
Total operating expenses
		$