Exercise $19-8($Algo$)$ Variable costing income statement LO P$2$

Kenzi, a manufacturer of kayaks, began operations this year. During this year, the company produced $1,075$ kayaks and sold $825$ at a

$20$

price of $$1,075$ each. At year$-$end, the company reported the following income statement information using absorption costing.

points

Sales $(825$$$1,075)$

Cost of goods sold $(825$$$475)$

Gross profit

Selling and administrative expenses

Income

$\backslash$table$[[$$$886,875$