QUESTION $2(20$ Marks$)$ A company makes manufactures shoes. It produces $1000$ pairs of shoes per month. It buys the leather and components from a supplier at a cost of R$20$ per component kit. The company$$s inventory carrying cost is estimated to be $15\%$ of the purchasing cost per tyre and the ordering is R$50$ per component kit. You are required to calculate: $2\mathrm{.}1.$ Calculate the EOQ. $(6$ marks$)2\mathrm{.}2.$ What is the number of orders per year? $(4$ marks$)2\mathrm{.}3.$ Compute the average annual ordering costs. $(3$ marks$)2\mathrm{.}4.$ Compute the average inventory. $(2$ marks$)2\mathrm{.}5.$ What is the average annual carrying cost? $(2$ marks$)2\mathrm{.}6.$ Compute the total cost. $(3$ marks$)$