ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $29, variable costs were $12 per case ($9 manufacturing and 53 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. The company had the following results using variable costing: (Click the icon to view the data using variable costing.) Read the requirements Requirement 1. Prepare the April income statement using absorption costing. ReVitalAde Income Statement (Absorption Costing) Month Ended April 30, 2018 Reference Variable Costing 9.00 Total product cost per unit Cost of Finished Goods Inventory as of April 30, 2018 $ 9,000 Print Done Operating Income Requirement 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. The cost per unit is S and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is $ . Requirement 3. Is the April 30 balance in Finished Goods Inventory higher or lower than variable costing? Explain why