From the following profit and loss account and additional information given, prepare:

(a) a cost sheet and

(b) reconciliation statement Profit and loss account Particulars Rs Particulars Rs To opening stock 8,000 By sales 1,85,000 To purchases 52,000 By closing stock (materials) 15,000 To wages 28,000 To factory expenses 12,000 To administration expenses 10,000 To selling and distribution expenses 14,000 To patents (written off) 6,000 To net profit c/d 70,000 2,00,000 2,00,000 In costing, opening materials were shown at Rs 7,000. The factory overheads were absorbed at Rs 14,000.
Administration overhead charges 10% of works cost and selling overheads was 10% of sales.