Use the information given below to prepare the Income statement of Kendall Manufacturers for October 2023 using the following methods:

2.1 Marginal costing

2.2 Absorption costing

INFORMATION October 2023: The following information was provided by Kendall Manufacturers for the only product produced during

Opening inventory 0

Number of units manufactured 5000

Sales R4 200 000

Selling price per unit R1000

Variable manufacturing costs per unit R425

Fixed manufacturing overhead cost R325 000

Variable selling cost per unit R80

Fixed selling cost R175 000

Fixed administrative cost R200