Information: November 01 10 TRANSACTIONS Opening inventory NUMBER OF UNITS AND COST 1260 units @ R11 per unit 08 Purchased from supplier 3150 units @ R12 12 Issued to production 2310 units 19 Returned to supplier 525 units (purchased on 08 November) 222 22 Purchased from supplier 1575 units @ R13 28 20 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)