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 $293,980 Selling expenses 98,200 Administrative expenses 51,920 Sales 625,490 Finished goods inventory, January 1 70,680 Finished goods inventory, January 31 64,430 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 Bandera Manufacturing Company Gross Profit January 31 Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses