Indian Oil is a bulk distributor of high-octane petrol. A periodic inventory of petrol at hand is made when the books are closed at the end of each month. The following summary of information is available for the month of June.

Sales	Rs 9,45,000
General administration cost	Rs 25,000
Opening stock: 1,00,000 l at Rs 3 per litre	Rs 3,00,000
Purchases (including freight inwards):
1 June	2,00,000 l at Rs 2.85 per litre
30 June	1,00,000 l at Rs 3.03 per litre
30 June	Closing stock is 1,30,000 l

Compute the following data by the weighted average method of inventory costing:

1. Value of inventory on 30 June
2. Amount of the cost of goods sold in June
3. Profit or loss for June
4. DO NOT COPY FROM CHEGG OR ELSE I HAVE TO REPORT, ONLY ATTEMPT IF YOU CAN ANSWER ALL THE PARTS.