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The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $209,920 70,120 37,070 Selling expenses Administrative
The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $209,920 70,120 37,070 Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 446,640 50,470 46,000 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 C. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses
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