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  3. cost of goods sold, profit margin, and net income

Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following...

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Accounting

Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company

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

Cost of goods manufactured $162,050
Selling expenses 54,130
Administrative expenses 28,620
Sales 344,790
Finished goods inventory, January 1 38,960
Finished goods inventory, January 31 35,510

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

Bandera Manufacturing Company
Cost of Goods Sold
January 31
$
$
$

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

Bandera Manufacturing Company
Gross Profit
January 31
$
$

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

Bandera Manufacturing Company
Net Income
January 31
$
Operating expenses:
$
Total operating expenses
$

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