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

Cost of goods manufactured	$139,810
Selling expenses	46,700
Administrative expenses	24,690
Sales	297,470
Finished goods inventory, January 1	33,610
Finished goods inventory, January 31	30,640

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

Bandera Manufacturing Company Cost of Goods Sold January 31

Finished goods inventory, January 1Finished goods inventory, January 31SalesSelling expensesFinished goods inventory, January 1	$Finished goods inventory, January 1
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitCost of goods manufactured	Cost of goods manufactured
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitCost of finished goods available for sale	$Cost of finished goods available for sale
Administrative expensesFinished goods inventory, January 1Finished goods inventory, January 31Selling expensesFinished goods inventory, January 31	Finished goods inventory, January 31
Cost of finished goods available for saleCost of goods manufacturedCost of goods soldGross profitCost of goods sold	$Cost of goods sold

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

Bandera Manufacturing Company Gross Profit January 31

Cost of goods available for saleFinished goods inventory, January 1Finished goods inventory, January 31SalesSales	$Sales
Cost of goods available for saleCost of goods manufacturedCost of goods soldSelling expensesCost of goods sold	Cost of goods sold
Administrative expensesCost of goods available for saleCost of goods soldGross profitGross profit	$Gross profit

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

Bandera Manufacturing Company Net Income January 31

Cost of goods available for saleCost of goods soldFinished goods inventory, January 1Gross profitGross profit		$Gross profit
Operating expenses:
Cost of goods manufacturedCost of goods soldSalesSelling expensesSelling expenses	$Selling expenses
Administrative expensesCost of goods soldFinished goods inventory, January 31Gross profitAdministrative expenses	Administrative expenses
Total operating expenses		fill in the blank 1335e3039fd1038_7
Cost of goods available for saleCost of goods soldGross profitNet incomeNet income		$Net income