Uniform Shop (Pty) Ltd manufactures school uniforms for schools all around South Africa. They have two branches in Gauteng and one branch in each of the major cities around the country. As it is nearing the start of the academic year (January 2023), Uniform Shop (Pty) Ltd is currently producing 200000 units of white school shirts so that they are ready for sale to the public in early January 2023. Their production for the last two months were as follows: 1 An under/ over absorption of fixed overheads is put directly to cost of sales. In addition the company has to pay a 5% commission to the agent. No other costs are relevant to the contract. The company uses the first in first out method to value stock REQUIRED: 2.1 Calculate the cost of goods sold for November 2022 using the absorption costing method as well as the direct costing basis (35) 2.2 Assume that a further R34 per unit variable costs and R4 per unit fixed costs are incurred to finish production and units are sold for R50 each. Determine the gross profit percentage achieved using both methods. You may ignore actual fixed costs. Comment on your result. (15)