Question: QUESTION TWO (20 Marks) The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024: The company utilises

QUESTION TWO (20 Marks) The following information was extracted from the

QUESTION TWO (20 Marks) The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024: The company utilises the first-in-first-out method of inventory valuation. REQUIRED: (Round of to two decimal places) 2.1 Prepare the Income Statement using the Marginal Costing method. (11) 2.2 Prepare the Income Statement using the Absorption Costing method. (9)

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