Alpha Limited prepared accounts up to 31st March each year. On 31st March 2018, its stock- taking could not be undertaken until 3rd April 2018 on which date the stock at cost amounted to Rs.2,40,000. An examination of inventories and related financial records disclosed that between 1st and 3rd April: (a) Sales totaled Rs.40,000 including (i) Rs.2,000 in respect of goods which left the warehouse on 29th March, and (ii) Rs.4,000 in respect of goods not delivered until 12th April. The rate of gross profit to sales was 30%. (b) Returns from customers totalled Rs.6,000. (c) Purchases totalled Rs.18,000 which included: (i) Rs.6,000 for goods received in March, and (ii) Rs.3,000 for goods received on 10th April. (d) Returns to suppliers totalled Rs.4,000. (e) There were arithmetical errors in the stock on 3rd April, resulting in an overvaluation of Rs.4,600. It is the company’s policy to record sales when invoice is raised and to record purchases when invoice is received. Required: Statement of Company’s stock at cost on March 31, 2018.