1) The following relations for inventory costs have been established for ABC corporation: a. Orders must be placed in multiples of 200 units b. Annual sales are 600,000 units c. The purchase price per unit is $6. d. Carrying cost is 25% of the purchase price of goods. e. Cost per order placed is $40. f. Desired safety stock is 20,000 units; this amount is on hand initially. g. Three days are required for delivery. i) What is the EOQ? ii) How many orders should ABC place each year? iii) At what inventory level should a reorder be made? iv) Calculate the total cost of ordering and carrying inventories if the order quantity is 4,000 units