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Question 3: (30) Marks) The following is an excract of reconfs of the manufocturing concern ABC Lt, who hus approached you for assisuince. inventory on

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Question 3: (30) Marks) The following is an excract of reconfs of the manufocturing concern ABC Lt, who hus approached you for assisuince. inventory on 1 January 2018 : Inventury on 21 December 2018 : Sales -1330000 Direct Maturial purchases = R17 000 Direct labur for the year was R29rooo The following overicads wero incurred for the period: Rent - R2zoovo Indifuct Labour =R9500 Indirect Materials -177500 Water and Lights = R8000 Telephone -85000 A total of 50% of the overheads was ined in the production facility. Reyuired: a) Driff a costs of goodis manufietured saternent (20 marks) b) Draft a statement of comprebensive income (10 marks)

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