The following information was extracted from the accounting records of ABC Manufacturers for the year ended

QUESTION 4 (20 Marks) The following information was extracted from the accounting records of ABC Manufacturers for the year ended September 2020 Inventory at the beginning of the year Production for the year Sales for the year (at R75 per unit) Direct Matenals cost per unit Direct Labour cost per unit Variable Manufacturing overheads peunit?ff Variable selling and administrative cost per unit Fixed manufacturing overhead cost Fixed selling and administrabvecost 120 OOO 182 ooo ooo The company utilises the first-iti-firsVout methodof inventory vluatlOn. = REQUIRED: 4.1 Prepare the Income the Marginal Costing method 49 Prepare the Income Statement using the AbsorptiOti CoStingnethod - MI marks) (9 marks)