Problem 6.2 The standard price of a material is fixed at $10 per unit. Prepare the Stores Ledger Account showing how the cost of materials issued and value of balance in stock will be recorded under the standard price method from the following purchases and issues made during October, 2018. Date Particulars Quantity Rate October 2 Received 2,000 units 11 5 Received 1,000 units 10 10 Issued 1,200 units 18 Received 800 units 25 Issued 900 units 29 Received 500 units 12 30 Issued 1,100 units Also find out the efficiency of purchasing materials