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Ost Ol The following information is available for Bandera Manufacturing Company for the month ending Januar Cost of goods manufactured $219,180 Selling expenses 73,210 Administrative expenses 38,710 Sales 466,330 Finished goods inventory, January 1 52,700 Finished goods inventory, January 31 48,030 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 37.880 X Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, January 31 Cost of goods sold v 160.900 157.540 X 195.420 X 34.520 Feedback w 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 v Feedback Check My Work b. Sales minus cost of goods sold equals gross profit 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 w 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 Total operating expenses Net income Feedback Check My Work c. Gross profit minus operating expenses equals net income. Feedback Check My Work Partially correct O W