HardwareBuild is concerned over the levels and valuation of Inventory in their store. They have asked your assistance in valuing and providing some additional consulting work on their inventory levels. They provide you with the following information on products received during the past month: General hardware products products 1/05 Opening stock 100 units at 125 per unit 7/05 Purchases of 55 units at R 127 per unit 10/05 Sales of 85 units 15/05 Purchases of 75 units at R124 per unit 27/05 Sales of 95 units They have decided to use the FIFO to value stock at any point Ordering costs amount to R150 per order and carrying costs are about R7.5 per unit. They have an annual requirement of the sales above on average for every month of the year. The average selling price per unit is R219, with variable costs making up 42,5% of this total. Total fixed costs are R22,500 per month They have asked you to assist them with the following: a. What is the value of the units sold on the 10/5 (3) b. What is the value and units of inventory on hand on the 16/05? (3) What is the value and amount of closing stock on hand (3) d. What is the EOQ for their stock (4) C. e) Explain to the owners what they could do to improve their inventory levels. Discuss a minimum of 4 different inventory management strategies to assist them to reduce their inventory costs. 1) Calculate the breakeven point for the unit sales on a monthly basis. (3) Paragrach BI