Question (a) Calculate Economic Order Quantity from the following information: Annual Consumption 1,00,000 units Ordering Cost $ 50 per order Carrying Cost 8% of Average Stock Per Unit Cost $ 20 (b) Find out the cost of raw materials purchased from the data given below: $ Prime cost 2,00,000 Closing stock of raw material 20,000 Direct labour cost 1,00,000 Expenses on purchases 10,000