From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal costing method. Indicate the unit cost for each year under each method. Also evaluate the closing stock. The company produces a single article for sale.
Selling Price per unit
Variable manufacturing cost per unit
Total fixed manufacturing cost
Opening Stock (Units)
Closing Stock (Units)