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 Cost of goods manufactured $170,400 Selling expenses 56,920 Administrative expenses 30,090 Sales 362,560 Finished goods inventory, January 1 40,970 Finished goods inventory, January 31 37,340 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods Sold January 31 (b) Bandera Manufacturing Company Gross Profit January 31 Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses