The following information is available:

Opening inventory		5 000 units
Production		50 000 units
Closing inventory		10 000 units
Material		R2.00 per unit
Labour		R3.00 per unit
Overheads:	Variable	R4.00 per unit
	Fixed	R60 000
Sales and administration		R50 000
Sales		R15.00 per unit

Required:

Calculate the profit for the period by using the direct and absorption costing methods