Answer ALL the questions in this section. QUESTION ONE Information: November 01 08 12 19 130 TRANSACTIONS Opening inventory Purchased from supplier Issued to production Returned to supplier NUMBER OF UNITS AND COST 1260 units @R11 per unit 3150 units @R12 2310 units 525 units (purchased on 08 November) 1575 units @ R13 22 22 Purchased from supplier 28 28 Issued to production 2625 units 1.1 Use the transactions of Stark Industries to determine the value of the closing stock using the first- in- first out method. This stock consists of a component used in production of the final product (10 marks)