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The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2 0 2 4 : UNITS Inventory at

The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September
2024:
UNITS
Inventory at the beginning of the year Nil
Production for the year 28500
Sales for the year 24000
Selling price per unit R82
Direct Materials cost per unit 22
Direct Labour cost per unit 11
Variable Manufacturing overheads per unit 7
Variable selling and administrative cost per unit 5
Fixed manufacturing overhead cost 274000
Fixed selling and administrative cost 95000
The company utilises the first-in-first-out method of inventory valuation.
REQUIRED:
(Round of to two decimal places)
QUESTION: Prepare the Income Statement using the Absorption Costing method. (Closing inventory: is valued at the TOTAL manufacturing cost. Express the total manufacturing cost per unit to the nearest cent (not Rand).

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