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	$248,950
Selling expenses	83,160
Administrative expenses	43,960
Sales	529,680
Finished goods inventory, January 1	59,850
Finished goods inventory, January 31	54,560

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
		$