Income Statement, Cost of Goods Manufactured Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1-liter bottles sells for dollar36. Spencer had 2, 500 cases of sports drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 11, 500 cases of sports drinks in finished goods inventory. Spencer's accounting records provide the following information: prepare a cost of goods manufactured statement complete the cost one case of sports drink last year 8 per case prepare income statement on an absorption-costing basis