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Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...

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 $234,110
Selling expenses 78,200
Administrative expenses 41,340
Sales 498,110
Finished goods inventory, January 1 56,290
Finished goods inventory, January 31 51,310

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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ekkarill92 answered 2 years ago
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