In May, ExerAde produced $11,000$ cases of powdered drink mix and sold $14,000$ cases, of which $3,000$ were produced in April. The total April production was $12,000.$ The sales price was $$26,$ variable costs were

$$10$ per case $($ $$8$ manufacturing and $$2$ selling and administrative$),$ and total fixed costs were $$75,000($ $$55,000$ manufacturing and $$20,000$ selling and administrative$).$ ExerAde's May income statement using

variable costing follows:

$($Click the icon to view the variable costing income statement.$)$

Read the requirements.

Requirement $1.$ Prepare the May income statement using absorption costing.