2.1 REQUIRED Study the information provided below and then calculate the annual Economic Order Quantity (EOQ) for the soap. (5 marks) INFORMATION Westcoast Wholesalers expects to sell approximately 3 000 boxes of soap during 2018. The cost of placing an order for soap is estimated to be R18. The inventory holding cost of one box of soap is R2. 2.2 REQUIRED Use the information provided below to calculate the value of inventory on 31 August 2017 using the: 2.2.1 First-In-First-Out (FIFO) method. (5 marks) 2.2.2 Weighted average cost method. (5 marks) INFORMATION The following transactions of Optic Enterprises took place during August 2017 in respect of a component used in production: Aug 01 14 15 25 31 Inventory on hand Purchased from a supplier Returned to the supplier (purchased on 14 August 2017) Purchased from a supplier Issued to production during August 400 units @ R10 per unit 1 500 units @ R12 per unit 200 units 300 units at R13 per unit 1 600 units