QUESTION 4 a) The recorded sales turnover for the year 2011 of Pasti Indah Corporation is RM420,000. Due to the stagnant demand, the management team decided to maintain the existing production level. Historically, the company orders 18,000 units of plastic bars at the beginning of each month at RM1.25 per unit. Order must be in a multiple of 200 units and will be delivered in a week's time after it is placed. Additional costs involved are: Carrying cost Ordering cost 15% of the current purchase price. RM25 per order. Assume there are 50 weeks in a year. Determine: i) The economic order quantity. (3 marks) ii) The number of orders placed in the year 2011. (3 marks) iii) The total inventory cost for the year 2011. (3 marks) iv) The level of the re-order point. (3 marks) v) The average inventory