$22$

REQUIRED

Study the information given below and prepare the income statement of Ceres Manufactures for Mey $2025$ using the absorption costing method.

NFORMATION $2025$:

$(10$ maris$)$

The following information relates to the only product produced by Ceres Manifactures during May

$\backslash$table$[[$Opening inventory,Ne$],[$Number of units manufactured,$5000],[$Number of units sold,$4500],[,],[$Selling price per unit,R$200],[$Variable manufacturing costs per unit,R$50],[$Fixed manufacturing overhead costs,R$50000],[$Fued selling costs and administrative costs,R$50000],[$Variable administrative costs per unit sold,R$3],[$Sales commission as a percentage of sales,$5\%]]$