Rick's Juice Bat had the following purchases and sales for the month of January 2020.

January	Purchases	Sales
1	300@$2.50
6	150@$3.00
10		120@$4
15		220@$9
20	200@$3
30		220@$9

Required

Calculate the closing stock using:

i. FIFO

II.AVCO

Calculate the Trading accounts for the month if the closing stock is valued using FIFO and AVCO

The following information was obtained from a manufacturing company.

Average usage	50units per day
minimum usage	30 units per day
maximum usage	65 units per day
Lead time	10-13 days
EOQ (previously calculated)	2000 units

Calculate the following:

i. the reorder level

ii. minimum level

maximum level