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Ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentsess =&Inpr inprogress%3Dralse eBook Show Me How Calculator Print Item 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 31: Cost of goods manufactured $314,430 Selling expenses 105,030 Administrative expenses 55,530 Sales 669,000 Finished goods inventory, January 1 75,600 Finished goods inventory, January 31 68,910 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 Finished goods inventory, January 1 $ 75,600 Cost of goods manufactured 314,430 V Cost of finished goods available for sale v $ 390,030 V Less finished goods inventory, January 31 N 75,600 Cost of goods sold $314,430 X Feedback A... Check My Work a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. Check My Work 4 more Check My Work uses remaining. All work saved. Email Instructor Save MacBook Pro 80 F2 F3 DII DD F4 F5 F6 F7 F8 F9 を1C %- 6 4. 8. 60 RI 3. Show Me How Calculator E Print Item eBook (b) Bandera Manufacturing Company Gross Profit January 31 Sales $ 669,000 Cost of goods sold v 314,430 X Gross profit $354,570 X Feedback Check My Work b. Sales minus cost of goods sold equals gross profit. (c) T.A... Bandera Manufacturing Company Net Income January 31 Gross profit $354,570 X Operating expenses: Selling expenses 105,030 Administrative expenses 55,530 V ET.A... Total operating expenses 160,560 EET Net income 194,010 X SO Check My Work 4 more Check My Work uses remaining. All work saved. Ema 80 000 F2 F3 DII F4 F5 F6 F7 F8 F9

Ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentsess =&Inpr inprogress%3Dralse eBook Show Me How Calculator Print Item 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 31: Cost of goods manufactured $314,430 Selling expenses 105,030 Administrative expenses 55,530 Sales 669,000 Finished goods inventory, January 1 75,600 Finished goods inventory, January 31 68,910 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 Finished goods inventory, January 1 $ 75,600 Cost of goods manufactured 314,430 V Cost of finished goods available for sale v $ 390,030 V Less finished goods inventory, January 31 N 75,600 Cost of goods sold $314,430 X Feedback A... Check My Work a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. Check My Work 4 more Check My Work uses remaining. All work saved. Email Instructor Save MacBook Pro 80 F2 F3 DII DD F4 F5 F6 F7 F8 F9 を1C %- 6 4. 8. 60 RI 3. Show Me How Calculator E Print Item eBook (b) Bandera Manufacturing Company Gross Profit January 31 Sales $ 669,000 Cost of goods sold v 314,430 X Gross profit $354,570 X Feedback Check My Work b. Sales minus cost of goods sold equals gross profit. (c) T.A... Bandera Manufacturing Company Net Income January 31 Gross profit $354,570 X Operating expenses: Selling expenses 105,030 Administrative expenses 55,530 V ET.A... Total operating expenses 160,560 EET Net income 194,010 X SO Check My Work 4 more Check My Work uses remaining. All work saved. Ema 80 000 F2 F3 DII F4 F5 F6 F7 F8 F9

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentsess =&Inpr inprogress%3Dralse eBook Show Me How Calculator Print Item 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 31: Cost of goods manufactured $314,430 Selling expenses 105,030 Administrative expenses 55,530 Sales 669,000 Finished goods inventory, January 1 75,600 Finished goods inventory, January 31 68,910 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 Finished goods inventory, January 1 $ 75,600 Cost of goods manufactured 314,430 V Cost of finished goods available for sale v $ 390,030 V Less finished goods inventory, January 31 N 75,600 Cost of goods sold $314,430 X Feedback A... Check My Work a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. Check My Work 4 more Check My Work uses remaining. All work saved. Email Instructor Save MacBook Pro 80 F2 F3 DII DD F4 F5 F6 F7 F8 F9 を1C %- 6 4. 8. 60 RI 3.
Transcribed Image Text:Ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentsess =&Inpr inprogress%3Dralse eBook Show Me How Calculator Print Item 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 31: Cost of goods manufactured $314,430 Selling expenses 105,030 Administrative expenses 55,530 Sales 669,000 Finished goods inventory, January 1 75,600 Finished goods inventory, January 31 68,910 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 Finished goods inventory, January 1 $ 75,600 Cost of goods manufactured 314,430 V Cost of finished goods available for sale v $ 390,030 V Less finished goods inventory, January 31 N 75,600 Cost of goods sold $314,430 X Feedback A... Check My Work a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. Check My Work 4 more Check My Work uses remaining. All work saved. Email Instructor Save MacBook Pro 80 F2 F3 DII DD F4 F5 F6 F7 F8 F9 を1C %- 6 4. 8. 60 RI 3.
Show Me How Calculator E Print Item eBook (b) Bandera Manufacturing Company Gross Profit January 31 Sales $ 669,000 Cost of goods sold v 314,430 X Gross profit $354,570 X Feedback Check My Work b. Sales minus cost of goods sold equals gross profit. (c) T.A... Bandera Manufacturing Company Net Income January 31 Gross profit $354,570 X Operating expenses: Selling expenses 105,030 Administrative expenses 55,530 V ET.A... Total operating expenses 160,560 EET Net income 194,010 X SO Check My Work 4 more Check My Work uses remaining. All work saved. Ema 80 000 F2 F3 DII F4 F5 F6 F7 F8 F9
Transcribed Image Text:Show Me How Calculator E Print Item eBook (b) Bandera Manufacturing Company Gross Profit January 31 Sales $ 669,000 Cost of goods sold v 314,430 X Gross profit $354,570 X Feedback Check My Work b. Sales minus cost of goods sold equals gross profit. (c) T.A... Bandera Manufacturing Company Net Income January 31 Gross profit $354,570 X Operating expenses: Selling expenses 105,030 Administrative expenses 55,530 V ET.A... Total operating expenses 160,560 EET Net income 194,010 X SO Check My Work 4 more Check My Work uses remaining. All work saved. Ema 80 000 F2 F3 DII F4 F5 F6 F7 F8 F9
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