QUESTION 2 (20 MARKS, 36 MINUTES) 2.1 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. MARKS REQUIRED: 6 2. 1 (0) Maximum level (ii) Minimum level (iii) Average level (iv) Total annual inventory cost (including purchases). TOTAL MARKS FOR 2.1 3 12