November 01 80 08 122 12 TRANSACTIONS Opening inventory Purchased from supplier Issued to production Returned to supplier Purchased from supplier NUMBER OF UNITS AND COST 1260 units @R11 per unit 3150 units @ R12 2310 units 525 units (purchased on 08 Novembe 1575 units @R13 19 22 22 28 28 1.1 14 Issued to production 2625 units 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