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Question Heip E21-19 (similar to) In May 2014, ReplenAde produced 18.000 cases of powdered drink mix and sold 19,000 cases, of which 1,000 were produced in April. The sales price was $28, variable coets wore $14 per case ($10 manufacturing and $4 selling and dministrative, and lotal faed costs were $90,000 (72000 mandfacturing and $18,000 selling and administrative).ReplenAde's May income statement using variable costing follows (Clckthe on to view the varatiecesing none statement ) Prepare the May income statement using absorption costing 3. Determine the balance in Finished Goods Inventory as of May 31 Requirement 1. Prepare the May incoma stanement using abworpsion costing O Data Tele Income Statement (Variable Costing) Month Ended May 31, 2014 ReplenAde Inceme Statement (Absorption Costingl Month Ended May 31, 2014 532,000 Variable Coats S 190,000 76,000 Variable Manutacturing Overhead Vanable Seling and Administrative Costs 266.000 Contribution Margin Fixed Costs 206.000 Fised Manufacturing Overhead Fxed Selling and Administraive Costs 72.000 18.000 90,000 176,000 Operating Income Operaing Incone Print Done