QUESTION ONE (10 Marks) The following transactions of Berain Manufacturers, that uses the perpetual Inventory system, took place during Fobruary 2024 in respect of a part used in production: Using the first-in-first-out (FIFO) method, calculate the value of closing inventory as at 28 February 2024. QUESTION TWO (20 Marks) The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024: The company utilises the first-in-first-out method of inventory valuation. REQUIRED: (Round of to two decimal places) 2.1 Prepare the Income Statement using the Marginal Costing method (11)