ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases 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 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 Net Sales Revenue Cost of Goods Sold: Variable Cost of Goods Sold Fixed Cost of Goods Sold Gross Profit Requirements $ 348,000 1. Prepare the April income statement using absorption costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. $ 108,000 84,000 192,000 3. Is the April 30 balance in Finished Goods Inventory higher or lower than variable costing? Explain why. 156,000 Selling and Administrative Costs: Variable Selling and Administrative Costs 36,000 9.000 45,000 Fixed Selling and Administrative Costs 111,000 Operating Income Print Done 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 and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is - X Reference Variable Costing Total product cost per unit $ 9.00 Cost of Finished Goods Inventory as of April 30 $ 9,000 Print Done - X Clear all Check