Cost of goods sold, profit margin, and net income for a manufacturing company The following information is available for Vega Manufacturing Company for the month ending July 31, 2012:
Cost of goods manufactured
Finished goods inventory, July 1
Finished goods inventory, July 31
For the month ended July 31, 2012, determine Vega’s (a) cost of goods sold, (b) gross profit, and (c) net income.