Prepare a statement showing cost and profit from the following details, clearly showing

(a) prime cost,

(b) works cost,

(c) cost of production,

(d) cost of sales and

(e) profit:

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Particulars Rs Particulars Rs Direct wages 1,50,000 Direct materials 5,00,000 Power 2,500 Oil and water 2,500 Storekeeper's wages 5,000 Transfer to general reserve 5,000 Factory rent 25,000 Foreman's salary 12,500 Office rent 12,500 Factory lighting 7,500 Repairs: Office lighting 2,500 Factory plant 17,500 Depreciation: Office building 2,500 Factory plant 2,500 Goodwill written off 2,500 Office building 6,250 Consumables stores 12,500 Manager's salary 25,000 Director's fees 6,250 Office stationery 2,500 Telephone rent 625 Postage 1,250 Salespeople's salaries 6,250 Travelling expenses 2,500 Advertising 6,250 Warehouse rent 2,500 Income tax 50,000 Dividend paid 10,000 Sales 9,47,500