Determine bandera manufacturing gross profit

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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 $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

Problem a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold.

Problem b. For the month ended January 31, determine Bandera Manufacturing's gross profit.

Reference no: EM132979168

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