E21-17 (similar to) Question Help ReplenAde produced 18,000 cases of powdered drink mix and sold 16,000 cases in April 2018. The sales price was S30, variable costs were $13 per case (510 manufacturing and S3 selling and administrative), and totall fixed costs were $90,000 (S72,000 manufacturing overhead and $18,000 selling and administrative). The company had no beginning Finished Goods Inventory. The company had the following results using variable costing: (Click the lcon to view the data using variable costing) Read the requirements. Requirement 1. Prepare the April income statement using absorption costing. Reference ReplenAde Income Statement (Absorption Costing) Month Ended April 30, 2018 Variable Costing $10.00 $20,000 Cost of Goods Sold Total product cost per unit Cost of Finished Goods Inventory as of April 30, 2018 PrintDone Operating Income 1. Prepare the April income statement using absorption costing. 2. Determine the product cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30. Is the April 30 balance in Finished Goods Inventory higher or lower than variable costing? Explain why. 3. PrintDone Choose from any list or enter any number in the input fields and then click Check