Instant answer within 5 minutes please don't waste my turn Mustration 6. Both costing profit and financial profit to be ascertained first. In a factory, Works Overhead arc absorbed at 60% on Works Cost. You are required to prepare : (i) Cost Sheet, (ii) Trading and Profit and Loss Account and (iii) Reconciliation Statement, from the following informa- tion Materials Wages Factory Epenses in Finance Books Office Expenses in Finance Books Stock at the end 10% of output Sales are Stock as per Finance Books 4,00,000 3,00,000 Factory 1,80,000 2,00,000 Office 1,76,000 1,70,000 10,40,000 90,000