SECTION A Answer ALL the questions in this section. QUESTION ONE Information: November TRANSACTIONS NUMBER OF UNITS AND COST 01 Opening inventory 08 Purchased from supplier 12 Issued to production 19 Returned to supplier 22 Purchased from supplier 1260 units @ R11 per unit 3150 units @ R12 2310 units 525 units (purchased on 08 November) 1575 units @R13 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)