The monthly sales of a product sold by Molda Limited are 150 000 units. The purchase price is R16 per unit. The carrying cost of inventory amounts to 25% of the purchase price. The ordering cost is R12 per order.

Calculate: 4.3.1 Annual economic order quantity (EOQ).

4.3.2 The number of orders that need to be placed annually based on the EOQ.

4.3.3 The total ordering costs and carrying costs.