5. . A wholesaler had the following receipts and issues in May 2020. On May 1, balan 3 Cost per Unit(K) 3,500 ce brought forward were 800 units valued at K2,400,000 Date Receipts Issues 400 May 10 600 May 12 400 May 20 600 May 24 400 May 27 400 4,000 You are required to complete a stores ledger card using the LIFO; FIFO and weight ed average price methods. Lisa Limited uses 20,000 kg of a raw material evenly over a period of one year. Th e material is purchased for K250 per kg, the cost of placing an order with the supp lier is K6,000 and the cost of holding 1kg of the material in Inventory for one year i s 15% of the purchase price. Required a Calculate the economic order quantity (E00) of the raw material. b. Calculate the total cost of both holding and ordering at this re-order quantity