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In May 2018, ReVitalAde produced 22,000 cases of powdered drink mix and sold 23,000 cases, of which 1,000 were produced in Apri. The total April production was 13,000 . The sales price was $29, variable costs were $12 per case ( $9 manufacturing and $3 selling and administrative), and total fixed costs were $100,000 ( $91,000 manufacturing and $9,000 selling and administrative). ReVitalAde'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. Reference In May 2018, ReViaiAde produced 22,000 cases of powdered drink max and sold 23,000 cases, of which 1,000 were produced in Apri. The total April production was 13,000 . The sales price was $29, variable costs were $12 per case (\$9 manulacturing and $3 selling and administrative), and total fixed costs were $100,000($91,000 manufacturing and $9,000 seling and administrative). ReVitalAde's May income statement using variable costing follow: (Cick the icon to view the variable costing income statement) Question 6 Requirements Question 7 Question 8 1. Prepare the May income statement using absorption costing 2. is operating income uting absorption costing hyger or lower than valabie costing income? Explain why 3. Delermine the balance in Finished Goods Inventory as of Moy 31 Question 9 Question 10