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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 April. The sales price was $29, variable costs were $12 per case $9 manufacturing and $3 selling and administrative), and total foxed costs were $100,000 ( $91,000 manufacturing and $9,000 selling and administrative). Read the requirements. Requirement 1. Prepare the May income statement using variable costing. In May 2018, ReVitalAde produced 22,000 cases of powdered drink mix and soid 23,000 cases, of which 1,000 were produced in April. 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). Read the requirements. Requirements 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31