21. A department of Grifn Limited produces products A and B, which it transfers to other parts of the organisation at the sales price indicated in the table of standard costs below: A B E E Raw material @ 6.00 per kg 7.20 12.00 Direct labour @ 24.00 per hour . 6.00 4.00 Fixed manufacturing overhead 3.50 3.50 Departmental prot 3.30 2.50 Selling (ie transfer) price 20.00 22.00 Additional information: Inventory in units at 15t April 2022 1,200 1,400 Sales in units for April 2022 1,250 1,300 Raw material available for April production 3,200 kg Additional Information : Inventory in units at 1st April 2022 1,200 1,400 Sales in units for April 2022 1,250 1,300 Raw material available for April production 3,200 kg The normal, expected level of production for both A and B is 1500 units per month. In view of the shortage of raw material, it is decided to make an equal number of A and B with the material available. The company uses the absorption costing method. Required: Calculate the closing value of inventory at the end of April 2022 Produce the Department's income statement for April 2022, Total (14 marks)