The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $177,180 Selling expenses 59,180 Administrative expenses 31,290 Sales 376,970 Finished goods inventory, January 1 42,600 Finished goods inventory, January 31 38,830 a. For the month ended January 31, determine Bandera Manufacturing’s cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 $fill in the blank 485dbcfbb05e064_2 fill in the blank 485dbcfbb05e064_4 $fill in the blank 485dbcfbb05e064_6 fill in the blank 485dbcfbb05e064_8 $fill in the blank 485dbcfbb05e064_10 b. For the month ended January 31, determine Bandera Manufacturing’s gross profit. Bandera Manufacturing Company Gross Profit January 31 $fill in the blank bdadc6f76009002_2 fill in the blank bdadc6f76009002_4 $fill in the blank bdadc6f76009002_6 c. For the month ended January 31, determine Bandera Manufacturing’s net income. Bandera Manufacturing Company Net Income January 31 $fill in the blank 5a7976068040022_2 Operating expenses: $fill in the blank 5a7976068040022_4 fill in the blank 5a7976068040022_6 Total operating expenses fill in the blank 5a7976068040022_7

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 16E: Cost of goods sold, profit margin, and net income for a manufacturing company The following...

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

Cost of goods manufactured	$177,180
Selling expenses	59,180
Administrative expenses	31,290
Sales	376,970
Finished goods inventory, January 1	42,600
Finished goods inventory, January 31	38,830

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

Bandera Manufacturing Company
Cost of Goods Sold
January 31
	$fill in the blank 485dbcfbb05e064_2
	fill in the blank 485dbcfbb05e064_4
	$fill in the blank 485dbcfbb05e064_6
	fill in the blank 485dbcfbb05e064_8
	$fill in the blank 485dbcfbb05e064_10

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

Bandera Manufacturing Company
Gross Profit
January 31
	$fill in the blank bdadc6f76009002_2
	fill in the blank bdadc6f76009002_4
	$fill in the blank bdadc6f76009002_6

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

Bandera Manufacturing Company
Net Income
January 31
		$fill in the blank 5a7976068040022_2
Operating expenses:
	$fill in the blank 5a7976068040022_4
	fill in the blank 5a7976068040022_6
Total operating expenses		fill in the blank 5a7976068040022_7
		$fill in the blank 5a7976068040022_9

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