Tau Ltd. provides the following details for its two processes for January:

Particulars	Step 1 (₹)	Step 2 (₹)
Materials	140,000	--
Labour	145,000	210,000
Overheads	150,000	195,000

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 ₹23,00,000.

Requirements:

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