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4.1 Prepare the Cost Statement for the year ended 28 February 2023 that shows the cost of goods manufactured and cost of sales. 4.2 Prepare
4.1 Prepare the Cost Statement for the year ended 28 February 2023 that shows the cost of goods manufactured and cost of sales. 4.2 Prepare the Income Statement for the year ended 28 February 2023. INFORMATION (16 marks) (4 marks) The following information applies to Kompustat Ltd for Product K (which it manufactures) for the year ended 28 February 2023: Materials (direct and indirect): Opening inventory Purchases during the year Direct materials issued to production Indirect materials issued to production Closing inventory Direct labour: Hours worked during the year Rate per hour Administrative and marketing costs R120 000 R583 200 R638 400 R24 000 ? 80 000 R12 R36 per unit sold
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