The store ledger account for Material X in a manufacturing concern reveals the following data for the quarter ended September 30: Physical verification on September 30 revealed an actual stock of...

The store ledger account for Material X in a manufacturing concern reveals the following data for the quarter ended September 30:

Physical verification on September 30 revealed an actual stock of 3,800 units. You are required to:

(a) Indicate the method of pricing employed in the above.

(b) Complete the above account by making entries you would consider necessary including adjustments, if any, and giving explanations for such adjustments.