Determine bandera cost of goods sold

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Problem - Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $317,030

Selling expenses 105,900

Administrative expenses 55,990

Sales 674,530

Finished goods inventory, January 176,220

Finished goods inventory, January 3169,480

For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income.

Reference no: EM133003647

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