The raw material inventory records card for material X shows the following data: On May 2, 2020, the opening inventory was 600 units, with a total value of K648,0 00 RECEIPTS Date Unit Quantity (Units) Price L 1000 2000 800 1360 May 8th May 12th May 18th May 31st 1400 2940 800 1600 ISSUES: Date Quantity (Units) 1100 May 9th May 16th May 23rd 900 700 Additional Information . The issues of May 9th and 16th were issued to production department, while th e issue on May 23, were for maintenance department The following cost account codes are used to record inventory costs. Code 6 200 6 400 6 600 Description Store control account work-in-progress payables control account production overhead control account 6 800 Required (a) Prepare store ledger records including the closing inventory balance and in ventory valuation using First-in-First-out method (8 marks) (b) Show the Journal entries required to record May 9, 12 and 23 transactions