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ard $29$ February $2024,$ that shows the cost of goods

maryfactured and cost of goods sold

$42$ Income latement for the year ended $29$ February $2024$

$(16$ marks$)$

$(4$ marks$)$

INFORMATION

The following information wes supplied by Kirby Lid for Prodjcl Zsp $($which if manufsctures$)$ for the year ended $29$ February $2024$ :

$\backslash$table$[[\backslash$table$[[$Materials:$],[$Opening irventory$]]],[$Opening iventory,$200000kg$ al R$4$ per kg$],[$Purchases during the year,$2700000kg$ at R$5$ perkg$],[$Closing imentory,$300000kg$ at R$?$ per kg$],[\backslash$table$[[$Direct labour:$],[$Hours warked during the vear$]]],[$Hours warked during the year,$\backslash$table$[[300000],[850]]],[$Rate per hour,$\backslash$table$[[$RSO$]]],[$Manufacturing overheads,Appled an divect laboyr hours at a rate of R$20$ per hour$],[\backslash$table$[[$Work in progress:$],[$Openinginventroy$]]],[$Cpening invertory,R$300000],[$Closing ifventory,R$400000],[\backslash$table$[[$Finished goods:$],[$Ooering invenkou$]]],[$Opering inventory,$20000$ units$],[$Manutactured$,168500$ units$],[$Sales$,150000$ unts$],[$Selling price per unit,R $280]]$

The following information is also available:

Actual manutacturng ovemesds for the year ended $29$ February $2024$ amounted io R$6500000$

The frst$-$in$-$frst$-$out $($FIFO$)$ melhad is used to cost invenlonies.

Manufacturing overheads uncer$-$acpled or orer appled must be chamed to cost of sales.

The actual cose of the opening hwenlory of fivished goods was R$190$ per unit.

Administrative and markeding costs bor the yesr anded $29$ February $2024$ ancunbad to R$5000000.$

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