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QUESTION 4 (20 Marks) REQUIPED 4.1 Prepare fhe Cost Statement for fhe year ended 28 February 2023 that shows the cost of goods manufactured and
QUESTION 4 (20 Marks) REQUIPED 4.1 Prepare fhe Cost Statement for fhe year ended 28 February 2023 that shows the cost of goods manufactured and cost of sales. (16marks)(4marks) 42 Prepare the Income Statement for the year ended 28 February 2023. INFORMATION The following information applies to Kompustat Lid for Product K (which it manufactures) for the year ended 28 February 2023: Ine no owing imrormanon is aiso araisane: - The actual manufacturing overheads amounted to R540 000 . - The frst in frstout (FIFO) mefhod of cosing inventories is used. - Manufacturing overheads under- or dver applied must be charged to cost of sales. INFORMATION Zeboom Manufacturers makes and sels a single product. The compary qperates a standard costing system. Deails of the budgeted and actual data for 2022 are as folows. Budgeted data AR.al datz END OF PAPER
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