Unchabe probucest 15,000 cases of powdered drinik mix and sold 18,000 cases, of which 3,000 were produced in April. The sales price was $22 per case, variable costs were $12 per case ( $9 manufactifing and $3 selfing and adrinistrative), and totai fixed costs were $70.000 ( $45,000 manufacturing and $25,000 selling and administrative). Besd tre mevirement. Requirement 1. Prepare the May income statement using variable costing. Requirements 1. Prepare the May income statement using variable costing 2. Determine the balance in Finished Goods inventory as of May 31