You are required to ascertain profit and loss under (i) marginal-costing- and (ii) absorption-costing method from the following data:

Basic production data:

Normal volume of production = 20,000 units per period.

Sales price

= Rs. 5 per unit.

Variable cost

= Rs. 3 per unit.

Fixed cost

= Re 1 per unit.

Total fixed cost

= Rs. 20,000 (20,000 × Re 1).

Selling and distribution costs (not available).

The opening and closing stocks consist of both finished goods as well as equivalent units of WIP.