The following information relates to Clyde Corporation, which produced and sold Product P1 and P2, during a recent accounting period. Revenues $850,000 Variable Selling expense P1 $540,000 Variable Selling expense P2 45,000 Fixed cost is $200,000 Income tax rate .30 Calculate the Cost of Goods Sold. $45,500 $265.000 $65,000 None of the above