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In May 2018, Replende produced 11,000 cases of powdered drink mix and sold 12,000 cases, of which 1,000 were produced in April. The sales price was $30, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $75,000 ($55,000 manufacturing and $20,000 selling and administrative) Read the requirements Requirement 1. Prepare the May income statement using variable costing Replenade Income Statement (Variable Costing) Month Ended May 31, 2018 III Operating Income Requirement 2. Determine the balance in Finished Goods Inventory as of May 31. (Enter a "O" for any zero amounts.) The finished goods inventory as of May 31, 2018 is EX Requirements 1. Prepare the May income statement using variable costing 2. Determine the balance in Finished Goods Inventory as of May 31. Print Done