Reference no: EM132315901

Question :

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   $ 299 , 610

Selling expenses                  100 , 080

Administrative expenses        52, 910

Sales                                 637, 460

Finished goods inventory , January 1           72, 030

Finished goods inventory , January 31          65, 660

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

Bandera Manufacturing Company

Cost of Goods Sold January 31