The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $261,020 Selling expenses 87,190 Administrative expenses 46,100 Sales 555,370 Finished goods inventory, January 1 62,760 Finished goods inventory, January 31 57,200 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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A: Cost of goods sold has been calculated by taking the gross profit subtracted from the sales.

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A: Unit Product Cost = Cost of Goods Manufactured / Number of Units Produced

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A: Formula: Cost of finished goods available for sale = Beginning Finished goods + Cost of goods…

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A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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A: Formula: Gross profit = Sales - cost of goods sold

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A: A.

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A: Solution: 2(a). Gross profit  115,310 2(b). Gross profit percentage  40.5%

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A:

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A: Selling Expenses are expenditures incurred for marketing and selling company's products. Like Sales…

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A: Given information:   Cost of goods sold $123,200 Finished goods inventory on January 01 $30,800…

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A: The answer is as fallows

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A: Cost of goods sold  = Cost of goods manufactured + Beginning Finished goods - Ending Finished goods…

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A: Variable costs: These are the type of costs that changes with the change in the level of activity.

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A: This question deals with the calculation of cost of goods sold. We can define cost of goods sold as…

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A: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to…

Q: Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales…

A: Cost of goods sold: Cost of goods sold refers to the total expenses that are incurred by an…

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A: Cost of goods sold means all costs incurred on the goods that are being sold to the outside market.

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A:

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A: Here the missing  values  can be find by reverse working

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A: Raw materials: It is the basic input required to manufacture the finished products. The raw…