2 2.1 (20 MARKS) Jumbo CC manufactures 5 000 units of a product per month. The cost of placing an order is N$100. The purchase price of the raw material is N$ 10 per kg. The order period is 4 to 8 weeks. The consumption level of raw material is between 100kg to 450kg per week and the re- order period is 4 to 8 weeks per week. The average weekly consumption is 275kg. The carrying cost of inventory is 20% of cost per unit. REQUIRED: (i) Maximum level MARKS 6 (ii) Minimum level 2 (iii) Average level 1 (iv) Total annual inventory cost (including purchases). 3 TOTAL MARKS FOR 2.1 12 2.2 The balance of 1 kg packet of sugar at Fantastic CC's main store was 50 packets valued at N$ 10 per unit on 1 April 2021. The business received 100 packets at N$10.25 per packet and 180 packets at N$ 11 per packet from their main supplier on 10th April and 20th April 2021 respectively. The store keeper issued 108 packets on 15th April and 150 packets on 25th April 2021 to the sales department. The business uses weighted average method to value inventory. REQUIRED: You are to compute: MARKS (i) The value of inventory issued on 15 April 2021 3 (ii) The value of inventory at the close of business on 15 April 2021 1 (iii) The value of inventory on 30th April 2021 4 TOTAL MARKS 2.2 8 TOTAL MARKS FOR 2 20 20