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Q-4. Al-Baik Enterprises uses EOQ System to determine the order quantity for its different components and is planning its orders. The Annual consumption is 80,000 units, Cost to place one order is Rs. 1,300, Cost per unit is Rs. 50 and the selling price of product is Rs. 120. The cost of carrying the inventory is 5%. Requirements: a. Find Economic order quantity b. Calculate the Total Cost of Inventory. c. EOQ is the best option to save inventory cost by present calculation of cost if Al-Baik Enterprises using lot order quantity of 20000 unit per lot