The following information refers to the packing materials account in the ledger of David Dyson: LO2

£

On 1 June 20-4 there was a stock of packing materials valued at: 350 Packing materials purchased hy cheque, during the year were: 1,275 On 31 May 20-5 stocks of packing materials were valued at: 580 You are required to write up and balance the packing materials account for the year ended 31 May 20-5, clearly showing the amount to be transferred to the final accounts and the amount to be carried forward to the next financial year.