Cost or 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 $201,120 Selling expenses 67,180 Administrative expenses 35,520 Sales 427,910 Finished goods inventory, January 1 48,350 Finished goods inventory, January 31 44,070 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 11 Cost of goods manufactured Cost of finished goods Railable for sale Finished goods Inventoryanuary 31 Cost of goods sold Check My Won a. Add the cost of goods manufactured to the beginning finished goods Subtract the ending finished goods b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Sales Cost of goods sold Gross profit Feedback Check My Won b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Bandera Manufacturing Company Gross Profit January 31 Sales Cost of goods sold Gross profit Feedback Check My Work b. Sales minus cost of goods sold equals gross profit c. For the month ended January 31, determine Bandera Manufacturing's net income. Bandera Manufacturing Company Net Income January 31 Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses DO Net Income Feedback