Selling expenses 56,590 Administrative expenses 29,920 Sales 360,440 Finished goods inventory, January 1 40,730 Finished goods inventory, January 31 37,130 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 40,730 Cost of goods manufactured 169,410 Cost of finished goods available for sale Finished goods inventory, January 31 37,130 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 360,440 Cost of goods sold Gross profit