Boateng Plc is a company that produces and sells one product "Excellence". Information relating to the operations of George Plc for the first two months of $2023$ are as follows:

i$)$ Excellence sells for $GHC500$ per unit.

ii$)$ There were no inventories of Excellence at the end of December $2022.$

iii$)$ Other relevant information is as follows:

Standard cost per unit of Excellence:

Direct material and wages

Variable production overhead

Budgeted and actual costs per month:

Fixed production overhead

Fixed selling and admin. expenses

Variable selling expenses

$990,000$

$400,000$

$12\mathrm{.}5\%$ of sales

Normal capacity $110,000$ units per month

$\backslash$table$[[$Number of units produced and sold:,January,February$],[$Sales $($units$),128,000,110,000,],[$Production $($units$),140,000,102,000,]]$

Required:

Using the information above, prepare in a columnar form profit statements for January and February $2023$ using:

a$)$ Marginal costing

b$)$ Absorption costing