Read the following scenario and answer the question that follows: The following marginal costing statement was prepared for Ruby Enterprises, assuming a normal activity level of 30 000 units: R Sales 900 000 Less: Variable cost of sales (292 500) 69 000 Opening inventory Add: Variable production costs 240 000 309 000 Less: Closing inventory Less: Variable selling, distribution and admin costs (16 500) (78 000) Contribution 529 500 Less: Fixed costs (123 900) 51 600 Production Selling, distribution and admin Profit / (loss) 72 300 405 600 The following calculation of the unit cost was used in the variable production costs, opening inventory and closing inventory: R Direct material 7 Direct labour 5 Variable overhead 3 Total 15 HMAC330-1-Jul-Dec2021-SA1-BL- V4-03122021 The following inventory, production and sales data is available: Units produced 16 000 Units sold 19 500 Opening inventory (units) 4 600 Closing inventory (units) 1 100 Required: Convert Ruby Enterprises' financial statements from marginal costing to absorption costing Show all workings in brackets next to the line item in the financial statements. (20 marks)