Retail Management (BAMK 2204) Semester-1 2020-2021 Activity-5 Name of the student: no: Id Sec: 1. A local electronic repair shop uses 36,000 units of mobile batteries each year. It costs RO 20 to place and receive an order. It cost RO 4 to carry one unit per year of inventory. Calculate the Economic Order Quantity for the shop, number of orders and total inventory costs 2. Alpha Merchandising Company purchases mobiles directly from manufacturers and sells it to small retailers. The following transactions occurred during the last month of 2016: December, 1*: 800 units on hand @ RO 40 each. December, 14th: 1200 units purchased @ RO 50 each. December, 30h: 800 units purchased @ RO 60 each. Alpha merchandising sold 1680 mobiles during the month of December, 2016 Required: Compute the cost of Inventory sold December 31, 2016 and the value of closing inventory under the following cost inventory methods. (a). First in, first out (FIFO) (b). Last in, first out (LIFO) (c) Average cost method