Not found Exercise 6-4 Variable costing income statement LO P2 sold 775. at a price of $1,025 each. At this first year-end, the company reported the following income statement Information costing. 794,375 Cost of goods sold (775 $425) 465,000 20,000 $ 245,000 a. Product cost per kayak totals $425, which consists of $325 in veriable production cost and $100 in fixed production cost-the latter to the 1,025 kayaks amount is based on $102,500 of fixed production costs a b. The $220,000 in selling and administrative expense consists of $85,000 that is costing