llustration 12 Modern Company Limited furnishes the summary of Trading and Profit & Loss Account for the year ended 31st December, 1976: Rs. RS To Raw Materials 1,39,600 By Sales (12,000 units) 4,80,000 To Direct wages 76,200 By Finished Stock To Production Overheads 42,600 (200 units) 8,000 To Administration By Work-in-progress : Overheads 39,100 Rs. To Selling and Distribution Materials 28,200 Overheads 42,700 Wages 11,796 To Preliminary Expenses Production Over- written off 2.200 heads 7,999 47,995 To Goodwill written off 2.501 To Dividends (Net) 3,000 By Interest on Securities 6,000 To Income-tax 4,100 (Gross) To Net Profit 1,89,994 5,41,995 5,41,995 The company manufactures a standard unit, scrutiny of cost records for the same period shows that: (i) Factory overheads have been allocated to the production at 20% on Prime Cost. (ii) Administration overheads have been charged at Rs. 3 perunit on units produced. (iii) Selling and Distribution expenses have been charged at Rs. 4 per unit on units sold. You are required to prepare a Statement of Cost to work out Profit as per Cost-Accounts and to reconcile the same with that shown in the financial accounts