Audio Attitude Ltd uses the perpetual inventory system to maintain its inventory records of Play it car stereos. The computerised accounting system identified the closing inventory value was \($245\) 000, while the physical stocktake produced a closing inventory value of \($243\) 000. A comparison of the two inventory records identified the following:

1. An invoice amounting to \($3\) 000 had not been entered into the computerised accounting system, but had been included in the physical stocktake.

2. A recent break in identified \($5\) 000 (cost price) of Play it car stereos had been stolen from the store room from a break and enter through the roof. This information had not been updated on the accounting system.

Other key information required for the preparation of the financial reports is summarised below:

• Revenue from stereo sales \($850\) 000

• Cost of stereos sold 340 000

• Purchases of stereos 400 000

• Inventory of stereos on 1 July 2024 185 000 Ignore GST Required Prepare the Cost of Sales and Inventory Control ledger accounts for the year ended 30 June 2025.