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The following information has been obtained from the records of Harpreet Corporation for the period from 1 January to 31 January 2010:
1 January 2010 Rs.
31 January 2010 Rs.
Cost of raw materials
Cost of work-in-progress
Cost of stock of finished goods
Transactions during the month:
Purchase of raw materials
Selling and distribution overheads
Prepare a cost sheet and the income statement showing the gross profit and net profit.