Nu Ltd. provides the following details for its two processes for July:

Particulars	Step 1 (₹)	Step 2 (₹)
Materials	100,000	--
Labour	85,000	150,000
Overheads	90,000	135,000

The output from Step 1 is transferred to Step 2 at a price that includes a 25% profit. Step 2’s output is transferred to finished goods at a price that includes a 35% profit. The finished goods are sold for ₹17,00,000.

Requirements:

1. Prepare the accounts for Step 1 and Step 2.
2. Calculate the total profit.
3. Assume there is no work-in-progress.