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 R$82$

R

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$)$

$2\mathrm{.}1$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$).$