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

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

Cost of goods manufactured......................$4,490,000

Selling expenses.........................................530,000

Administrative expenses...............................340,000

Sales.....................................................6,600,000

Finished goods inventory, January 1.................880,000

Finished goods inventory, January 31...............775,000

For the month ended January 31, determine Bandera Manufacturing's (A) cost of goods sold, (B) gross profit, and (C) net income.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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