Eliana's Utensils Store requires 135,000 raw materials per year. The company is closed only for two weeks during the year due to annual holidays. The purchase price of raw materials is $15 per unit. The cost of placing and receiving each order from suppliers is $40 and carrying costs are $1.20 per packet per year. Required: 1. What is the EOQ for the store? 2. Compute the total annual: (i) Number of orders, (ii) Total ordering costs, (sii) Total carrying costs (iv) Explain why traditional overhead allocation methods (i.e., plant-wide and departmental) distort product costs compared to ABC costing