1.1Calculate the economic order quantity (EOQ) per annum Startrek secondary school purchases 700 maths sets per annum. The cost of each math set is 80r. Each set is sold for 100r. The cost of placing a single order is 45r. The holding cost is 11% of the unit purchase price.

1.2 Calculate the value of closing inventory using the weighted average cost inventory valuation method.

QUESTION ONE 1.1 Calculate the economic order quantity (EOQ) per annum. Economic order quantity sold for R100. The cost of placing a single order is R45. The holding cost is 11% of the unit purchase Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is R8 Calculate the value of closing inventory using the Weighted average cost inventory valuat method 1.2. Inventory valuation The following information concerning blankets appeared in the journal of Casio Traders for the month 2022 Cost pe Date Details Units 1 Opening inventory 20 R85 7 Purchases 23 R90 16 Purchases 33 R95 25 Purchases 18 R100 31 Sales for the month 69 ESTION TWO the case study below and answer the questions that follow. Hry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity amo ollowing data is available for the month