Cost of Goods Sold Profit margin, and Net Income for a Manufacturing Company The following information is available for Aricanly Manufacturing Company for the month ending January 31 Cost of goods manufactured $228,080 Selling expenses 76,190 Administrative expenses 40,280 Sales 485,270 Finished goods inventory, January 1 54,840 Finished goods inventory, January 31 49,980 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory, January 31 Cost of goods sold Feedback b. For the month ended January 31, determine Aricanly's gross profit Aricanly Manufacturing Company Gross Profit January 31 Sales Cost of goods sold Gross profit Feedback c. For the month ended January 31, determine Arcanly's net income. Aricanly Manufacturing Company Net Income January 31 Gross profit Operating expenses Selling expenses Administrative expenses Total operating expenses Net income