Rs. lllustration 13514 The Manufacturing Account of X Y Ltd. is as follows :- MANUFACTURING ACCOUNT For the year ended June, 30, 1979 Rs. Rs. TO Raw Materials : By Cost of goods manufac- Opening Stock 25,000 tured 2,52,000 Purchases 1,00,000 1,25,000 Less : Closing stock 30,000 Materials consumed 95,000 Wages-direct 90,000 Prime Cost 1,85,000 Factory overheads : Power 20,000 Wages indirect 30,000 Rent and Rates 10,000 Heating 5,000 Depreciation 6,000 71,000 Gross Works Cost 2,56,000 Deduct work-in-progress : Closing Stock 20,000 Less : Opening Stock 16,000 4,000 2,52,000 2.52.000 The Profit and Loss Account reveals a profit of Rs. 60,000 for the year. In the Cost Accounts the valuations placed on stocks were : Rs. Raw Materials-Opening Stock 25,300 Closing Stock 29,600 Work-in-progress-Opening Stock 15,500 Closing Stock 19,900 Profit shown in the Costing Profit and Loss Accounts was Rs. 59,700. Prepare a Reconciliation Account