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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

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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) 2.2 Prepare the Income Statement using the Absorption Costing method. (9)

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