Question: Question 2. Q No # 2 (04 marks) The following data were taken from the records of a company. Period 1 30,000 30,000 Period 2

Question 2. Q No # 2 (04 marks) The following data

Question 2.

Q No # 2 (04 marks) The following data were taken from the records of a company. Period 1 30,000 30,000 Period 2 38000 27000 Period 3 27000 38000 Production(units) Sales Opening stock Closing stock 11,000 11,000 1.0 Per unit cost are as follows: Direct material $ 1.5 Direct labor Production overhead 3.0 Selling price per unit Administrative overheads are fixed at $25000 and one third of the production overheads $ 9 are fixed. Required Prepare separate income statements for all three year

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