In May, Revit Ade produced 22,000 cases of powdered ark mix and sud 23,000 cases, of which 1,000 were produced in April. The total April production was 13,000. The sales price was $29, variate costs were $12 per c manufacturing and 53 selling and administrative), and total fixed costs were $100.000 (301.000 manufacturing and 50.000 selling and administrative). RevitalAde's May income statement using variatie costing flows Real themes Requirement 1. Prepare the Mary income statement using absorption costing Vide Income Statement (Absorption Casting) Month Ended May 31 Cost of Goods Sout Variable Cost of Goods Dod Operating Income Requirements 1. Prepare the May income statement using absorption 2. Is operating income using absorption costing higher or lower than vanale costing income? Explain why 3. Determine the balance in Finished Goods Inventory as of May 31 Print Done