245 5 Illustration 3 M/s Complex has 3 departments, A, B, C. The following information is provided: B ? Opening Stock 3,000 4,000 Consumption of direct materials 8,000 12,000 Wages 5,000 10,000 Closing Stock 4,000 14,000 Sales C 6,000 8,000 34,000 Stock of each department is valued at cost to the department concerned, Stocks of A department are transferred to B at a margin of 50% above departmental cost, Stocks of B department are transferred to C department at a margin of 10% above departmental cost. Other expenses were: Rent Salaries 2,000 Printing & Stationery 1,000 6,000 Interest paid 4,000 Depreciation 3,000 Allocate expenses in the ratio of departmental gross profit. Opening figures of reserves for unrealised profits on departmental stock were: Department B 1,000 Department C 72,000 Prepare Departmental Trading and Profit & Loss Accounts for the year ending March 31, 2013 considering that closing stock of each department consists of only finished goods