Feod the mequirments.

Requirements

Prepare the May income statemert Leing abcorplon coesting

$2$ is operating income using absorption coating higher or lower than veriable costing income? Explain why.

Determine the talance in Finished Goods invartory as of May $31.$

Reference

$\backslash$table$[[\backslash$table$[[$RotrechAde$],[$Inoome Rtatomant $($Variabio Cocting$)],[$Month Ended May $31]]],[$Nat Sales Flavenue,,,$$,060,000],[$Vartabe Coat:,,,,$],[,$&$,92,000,,],[,,44000,,176\mathrm{.}000],[,,,,374\mathrm{.}000],[,,60000,,],[,,26000,,$ascond$],[$Oporitingincons :$,,,3,2$ andogs$]]$