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follow format please Reference ced 18,000 cases of powdered drink mix and sold 20,000 cases, of which 2,000 were produced in April. The total April

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Reference ced 18,000 cases of powdered drink mix and sold 20,000 cases, of which 2,000 were produced in April. The total April produ ig and \$2 selling and administrative), and total fixed costs were $90,000 ( $72,000 manufacturing and $18,000 selling and adr v the variable costing income statement.) Requirements 1. Prepare the May income statement using absorption costing 2. Is operating income using absorption costing higher or lower than variable costing income? Explain why. 3. Determine the balance in Finished Goods Inventory as of May 31 confing follows Read the texhiverients

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