QUESTION 2 (20 Marks) 2.1 REQUIRED Use the information provided below to calculate the number of units of product Zap that should be produced during September 2020. (5 marks) INFORMATION Mersat Limited's sales forecasts for September and October 2020 indicate the following in respect of product Zap: Month Units September 50 000 October 60 000 The company's policy is to maintain an inventory of 30% of the following month's sales. 2.2 REQUIRED Use the information given below to calculate the value of closing inventory as at 31 December 2019 and the cost of sales for 2019 using the 2.2.1 First-in-first-out (FIFO) method (5 marks) 222 Weighted average cost method. (5 marks) INFORMATION Klicks had the following inventory of gift sets on hand on 01 January 2019, the start of the financial year: 20 units at R180 each purchased on 01 December 2018 During 2019 the following purchases were made: 300 units at R190 each were purchased on 15 January 2019, 100 units at R200 each were purchased on 30 April 2019. B0 units at R210 each were purchased on 30 September 2019. 400 units were sold during 2019, 2.3 REQUIRED Use the information provided below to calculate the Economic Order Quantity (EOQ). (5 marks) INFORMATION Verulam Traders purchases a product which has an annual demand of 150 000 units. The product is purchased from a supplier at R40 per unit. The ordering cost is R15 per order. The holding cost is 5% of the unit purchase price