Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following...
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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 $230,590 Selling expenses 77,030 Administrative expenses 40,720 Sales 490,610 Finished goods inventory, January 1 55,440 Finished goods inventory, January 31 50,530 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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