3 Question Help E21-19 (similar to) In May 2018, RefreshAde produced 12,000 cases of powdered drink mix and sold 14,000 cases, of which 2,000 were produced in April. The sales price was $20, variable costs were $8 per case (56 manufacturing and $2 selling and administrative), and total fixed costs were $90,000 ($72,000 manufacturing and $18,000 selling and administrative). Read the requirements. Requirement 1. Prepare the May income statement using variable costing. RefreshAde Income Statement (Variable Costing) Month Ended May 31, 2018 x Requirements 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31 Print Done Operating Income