The following data have been extracted from the books of M/s Moonshine Industries for the calendar year 2002.

The Managing Directors remuneration is to be allocated as Rs. 40,00,000 to the factory, Rs. 20,00,000 to the office and Rs. 60,00,000 to the selling departments. From the above information prepare

(a) Prime cost

(b) Works cost

(c) Cost of production

(d) Cost of sales and

(e) Net profit

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Opening stock of raw materials Purchase of raw materials Closing stock of raw materials Carriage inward Wages Direct -Indirect Other direct charges Rent and rates Factory -Office Indirect consumption material Depreciation Plant etc. Salary Office -Office furniture -Salesman Other factory expenses Other office expenses Managing Director's remuneration Other selling expenses Travelling expenses of salesmen Carriage and freight outward Sales Advance income tax paid Advertisement (Rs. '000) 25,000 85,000 40,000 5,000 75,000 10,000 15,000 5,000 500 500 1,500 100 Rs. '000 2,500 2,000 5,700 900 12,000 1,000 1,100 1,000 2,50,000 15,000 2,000