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Moale (Pty) Ltd manufactures proudly South African hand-crafted wood statuettes of Madiba and then sells them to curio shops. Miss Moale, the founding member, has
Moale (Pty) Ltd manufactures proudly South African hand-crafted wood statuettes of Madiba and then sells them to curio shops. Miss Moale, the founding member, has always had a passion for the arts and crafts and combining that passion with her idol has turned into a successful business. The selling price per statue in 2019 was R500 and is expected to increase by 10% per year from 2020 . There was no opening inventory at the beginning of 2019 . The following additional information is available: Moale uses the weighted average method of inventory valuation. REQUIRED Prepare a budgeted Statement of Comprehensive Income for the year ended 30 September 2019 in accordance with
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