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
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
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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