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Combo Manufacturers manufacture and sell photo copy machines. The ink cartridges are installed in the machines during the production process. Combo Manufacturers applies the weighted average method when evaluating inventory. The following transactions occurred regarding cartridges during the month of July. 01 Cartridges on hand 620u @R1 550.50 per unit 04 Issued to production 300u 09 Purchased 200u @R1 600 per unit 12 Issued to production 500u 19 Return to storeroom 50u (issued on 12 July) 23 Purchased 300u @R1700 per unit 26 Issued to production 250u 31 Return to supplier 20u (purchased on 23 November) Required Compile an inventory card calculating the value of closing inventory. Also show the value of total purchases and total material issued to production.
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