The following transactions have been extracted from the financial books of a company: 

In costing books factory overhead is charged at 100% on wages, administration overhead at 10% of factory cost and selling and distribution at the rate of Re 1 per unit sold. Prepare a statement reconciling the profit as per cost and financial accounts.

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Sales Materials Wages Factory overheads Office and administration overheads Selling and distribution overheads Closing stock; Finished goods Work-in-progress: Materials Wages Factory overheads Goodwill written off Interest on capital 3,000 2,000 2,000 Rs. 2,50,000 1,00,000 50,000 45,000 26,000 18,000 15,000 7,000 20,000 2,000 Units 20000 1230