In the course of physical verification of stores as on 31^st March 2007, following differences are revealed in case of AB Ltd.

Prepare journal entries in the cost ledger to give effect to the above adjustments as called for. 

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Material Unit A B C D E F Nos Lifres Nos Kg Nos Metres Rate (Rs.) 7.00 12.00 6.00 22.00 15.00 10.00 Physical balance 600 1,100 350 900 1,475 291 Ledger balance 680 1,155 400 930 1,325 291 Remarks Wrong counting Normal evaporation loss Material issues not accounted for Shortage due to pilferage and theft 150 nos. received but not entered in ledger Obsolete materials. Realised sales value Rs. 1,650 awaiting despatch.