eBook Show Me How 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 $313,910 Selling expenses 104,860 Administrative expenses 55,440 Sales 667,900 Finished goods inventory, January 1 75,470 Finished goods inventory, January 31 68,790 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Gross Profit January 31 C. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Net Income January 31 $ Operating expenses: $ Total operating expenses