Kitchenware Sdn Bhd produces and sell kitchen supplies and housewares. One of its products is a plastic storage bin. Raw plastic is used in the production of the plastic bin and is purchased from external suppliers. Each year, 8,000 pounds of raw plastic is used; it is currently purchased in lots of 500 pounds. It cost RM5.00 to place an order and the carrying cost is RM2.00 per pound per year. The raw plastic is used evenly at the rate of 30 pound a day. However, some days as many as 35 pounds are used. Its take 5 days from the time of order to the arrival of the order. Required: a) There are a number of costs associated with goods for sale. List and explain three (3) of these costs. (3 marks) b) Compute the EOQ for the raw plastic. (2 marks) c) How many orders will Kitchenware place under the EOQ policy? Compute. (1 mark) d) Compute the annual relevant total cost (RTC). (2 marks) e) Compute the re-order point. (1 mark) f) Compute the safety stock. (1 mark) g) Compute the reorder point with the safety stock. (1 mark)