Use the information given below to prepare the Income statement of Kendall Manufacturers for October 2023

using the following methods:

2.1 Marginal costing (10 marks)

2.2 Absorption costing. (10 marks)

INFORMATION The following information was provided by Kendall Manufacturers for the only product produced during October 2023: Opening inventory Nil Number of units manufactured 5 000 Sales R4 200 000 Selling price per unit R1 000 Variable manufacturing costs per unit R425 Fixed manufacturing overhead cost R325 000 Variable selling cost per unit R80 Fixed selling cost R175 000 Fixed administrative cost R200 000