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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 $165,750 Selling expenses 55,370 Administrative expenses 29,270 Sales 352,660 Finished goods inventory, January 1 39,850 Finished goods inventory, January 31 36,320 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, January 31 Cost of goods sold b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Sales Cost of goods sold Gross profit Feedback Check My Work c. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Net Income January 31 Gross profit Operating expenses: Selling expenses Administrative expenses 3 Total operating expenses Net income