You are required to ascertain profi t and loss under (i) marginal-costing- and (ii) absorption-costing method from the following data:

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Basic production data: Normal volume of production = 20,000 units per period. Sales price = Rs. 5 per unit. Variable cost Rs. 3 per unit. Fixed cost = Re 1 per unit. Total fixed cost = Rs. 20,000 (20,000 x Re 1). Selling and distribution costs (not available). The opening and closing stocks consist of both finished goods as well as equivalent units of WIP.