QUESTION 1 i) Beginning inventory, purchases, and sales data for Tennis Rackets are a follows: Apr. 3 Inventory 12 units @ RM45 11 Purchase 13 units @ RM47 14 Sale 18 units 21 Purchase 9 units RM60 25 Sale 10 units Required: Calculate the cost of merchandise sold and ending inventory using First In First Oud perpetual method). (12 marks) Explain the difference between EOQ (Economic Order Quantity) and Just In Time manufacturing. (5 marks) ii) Calculate Ordering Level, Minimum Level and Maximum Level from the following data: Re-order quantity 1,500 units Re-order period 4 to 6 weeks Maximum consumption 400 units per week Average consumption 300 units per week Minimum consumption 250 units per week. (8 marks) (Total: 25 Marks)