SECTION A Answer ALL the questions in this section. QUESTION ONE 1.1 Use the transactions of Stark Industries to determine the value of the closing stock using the first- (10 marks) in- first out method. This stock consists of a component used in production of the final product. QUESTION TWO The following information relates to the only product made by Mario Traders for the year ended 31 July 2022 : 2.1 Draft the income statement for the year ended 31 July 2022 using the Marginal Costing method (10 marks) 2.2 Draft the income statement for the year ended 31 July 2022 using the Absorption costing method (10 marks )