The following information is available for Aricanly Manufacturing Company for the month ending January 31:

Cost of goods manufactured	$259,980
Selling expenses	86,840
Administrative expenses	45,910
Sales	553,140
Finished goods inventory, January 1	62,500
Finished goods inventory, January 31	56,970

Question Content Area

a. For the month ended January 31, determine Aricanlys cost of goods sold.

b. For the month ended January 31, determine Aricanlys gross profit.

c. For the month ended January 31, determine Aricanlys net income.