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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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