The following information is available for Bandera Manufacturing Company for the month ending January 31:
Cost of goods manufactured $216,970
Selling expenses 72,480
Administrative expenses 38,320
Sales 461,640
Finished goods inventory, January 1 52,170
Finished goods inventory, January 31 47,550
For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income
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Home » Business » The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $216,970 Selling expenses 72,480 Administrative expenses 38,320 Sales 461,640 Finished goods inventory, January 1