Required information [The following information applies to the questions displayed below.] Shadee Corp, expects to sell 520 sun visors in May and 330 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 30 closures on hand on May 1, 16 closures on May 31 , and 21 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: - Selling costs are expected to be 8 percent of sales. - Fixed administrative expenses per month total $1,600. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $6.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $6.00 ) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)