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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
:
UNITS
Inventory at the beginning of the year Nil
Production for the year
Sales for the year
Selling price per unit R
Direct Materials cost per unit
Direct Labour cost per unit
Variable Manufacturing overheads per unit
Variable selling and administrative cost per unit
Fixed manufacturing overhead cost
Fixed selling and administrative cost
The company utilises the firstinfirstout 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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