determine balance in finished goods invetory may 31

E21-19 (similar to) E Question Help In May 2018, Vita Ade produced 16,000 cases of powdered drink mix and sold 19,000 cases, of which 3,000 were produced in April. The sales price was $25, variable costs were $7 per case ($5 manufacturing and $2 selling and administrative), and total foxed costs were $95,000 ($80.000 manufacturing and $15,000 selling and administrative) Read the Vita Ade Income Statement (Variable Costing) Month Ended May 31, 2018 Clear All 7 5 8 9 0 Requirements May incom ome Staten 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31. Month En Print Done ter any number in the input fields and then click Check Answer Clear All Read the requirements Income Statement (Variable Costing) Month Ended May 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer 1 Clear All remaining 80 F3 Dll F4 F5