1.) XYZ is a retailer and sells 112,000 units per year. It purchases from a single supplier. Fixed cost per order is $947 and carrying cost is $6 per unit.

Suppose XYZ orders 9,000 units per order from the supplier. What are the total costs?

Enter your answer rounded off to two decimal points.

2.) XYZ is a retailer and sells 138,000 units per year. It purchases from a single supplier. Fixed costs per order are $960 and carrying cost is $13 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity?

Please show work