Font Paragraph 35 Style QUESTION TWOT A business currently orders 1,000 units of product ZETA at a time. It has decided that it may be better to use the Economic Order Quantity method to establish an optimal reorder quantity Information regarding inventories is given below.1 Purchase price + K15 per-unit Fixed cost per order K2004 Holding cost 8% of the purchase price per annum Annual-demand 12,000 units Current'annual total inventory costs are K183.000, being the total of the purchasing. ordering and holding costs of product ZETAS Required: [24Marks] (a)-Calculate the Economic Order Quantity (b)-Using your answer to (a) above calculate the revised ammual total inventory costs for product ZETA -and-so-establish the difference compared to the current ordering policy. - 14:Marks]