Multiplying and Dividing with Place Value Materials
Place value materials are useful for developing multiplication and division skills only in a limited way - for multiplying by 1-digit numbers and for dividing by 1-digit numbers. For more complex situations the materials tend to confuse the matter rather than assist in developing it.
Using PV materials for multiplying by 1-digit numbers

Consider 3 x 48. This can be viewed as adding 48 three times.

Step 1: Build 48 three times
Step 2: Trade
Step 3: Combine traded and remaining PV materials
PV Materials represent answer:

3 x 48 = 144

Traded PV materials Remaining PV materials

Using PV materials for dividing by 1-digit numbers

Consider 65 ÷ 5. This can be viewed as forming five equal groups.

Step 1: Build 65
It is not possible to form 5 equal groups of tens. Trading is needed (1 ten for 10 ones).
Step 2: Trade 1 ten for 10 ones
The trading results in 5 tens and 15 ones.
Step 3: Form 5 equal groups.
The answer is represented by one of the equal groups.

65 ÷ 5 = 13

For more detail, refer to:

Grade 4 Multiplication Algorithm

Grade 4 Division Algorithm

3 x 234
Try these.
268 2