Question 2 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1600 600 1300 1600 1800 Add text 1300 Quantity Balance Price Amount R3.50 Price per unit R4.00 R4.50 R5.00 Answer the questions from the information provided. 2.1 Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing method. Draw 2 (4 marks) ? (12 marks)
A INFORMATION Sales Selling price per unit Fished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit Variable selling and administrative costs per unit solc Fixed manufacturing costs Fixed selling and administrative costs ID Page view A Read aloud The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022 FO Additional information The variable manufacturing cost per unit and total manufacturing cost per unit of the finish 2022 was R21.50 and R25 20 respectively 6 * F7 J 87 F8 ASUS VivoBook D 8 19 581 Add text F10 O 3200 units R100 400 unit 3600 units R26 R12 R25 200 R12 400 I Draw 9 0 goods on 01 March F12
ounting Main X + ng%20Main%20OSA.pdf +? 1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Date Date Quantity Price Amount Quantity Price Amount 01 05 The following transactions of Franco Manufacturers took place during March 2022. 12 24 ED Page view A Read aloud 16 28 Purchased ounting Main X + ng%20Main%20OSA.pdf +? 1.5 From the information provided below complete the table using the FIFO method
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