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In: Accounting

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

ost of Goods Sold, Profit Margin, and Net Income for a Manufacturing Company

The following information is available for Aricanly Manufacturing Company for the month ending January 31:

Cost of goods manufactured $3,606,000
Selling expenses 426,000
Administrative expenses 273,000
Sales 5,300,000
Finished goods inventory, January 1 707,000
Finished goods inventory, January 31 622,000

a. For the month ended January 31, determine Aricanly’s cost of goods sold.

Aricanly Manufacturing Company
Cost of Goods Sold
January 31
$fill in the blank 9b3631ff903506c_2
fill in the blank 9b3631ff903506c_4
$fill in the blank 9b3631ff903506c_6
fill in the blank 9b3631ff903506c_8
$fill in the blank 9b3631ff903506c_10

b. For the month ended January 31, determine Aricanly’s gross profit.

Aricanly Manufacturing Company
Gross Profit
January 31
$fill in the blank 08a894f3bfe4f8b_2
fill in the blank 08a894f3bfe4f8b_4
$fill in the blank 08a894f3bfe4f8b_6

c. For the month ended January 31, determine Aricanly’s net income.

Aricanly Manufacturing Company
Net Income
January 31
$fill in the blank 841ff4f86ff9f92_2
Operating expenses:
$fill in the blank 841ff4f86ff9f92_4
fill in the blank 841ff4f86ff9f92_6
Total operating expenses fill in the blank 841ff4f86ff9f92_7
$fill in the blank 841ff4f86ff9f92_9

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ekkarill92 answered 2 years ago
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