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SECTION B Instruction: Complete ALL questions from this section. Question 1 Ricks' Juice Bar had the following purchases and sales for the month of January 2020. Purchases Sales January I 300 @ $2.50 6 150 @ $3.00 10 120 @ $4 15 220 @ $9 20 200 @ $3 30 220 @ $9 Required A. Calculate the closing stock using: i. FIFO ii. AVCO (10 marks) B. Calculate the Trading accounts for the month if the closing stock is valued using FIFO and AVCO. (5 marks) C. The following information was obtained from a manufacturing company. Average usage 50 units per day Minimum usage 30 units per day Maximum usage 65 units per day Lead time 10-13 days EOQ (previously calculated) 2 000 units Calculate: i. The reorder level (1 mark) ii. Minimum level (1 1/2 marks) iii. Maximum level (1 1/2 marks)