could someone help me solve this please. hand written

148) 4a) Identify and discuss the major costs associated with inventory management. (5 marks) M.P. manufacturing has gone out on bid for a regulator component. Expected demand is 700 units per month. The item can be purchased from Allen Manufacturing. Their price lists are shown in the table. Ordering cost is $50, and annual holding cost per unit per year is 10% of the unit price. Allen Mlg S=56 It to Quantity Unit Price 205 H 1-499 $16.00 500-999 15.50 1,000+ 15.00 i. What is the economic order quantity at the different price lists? (5marks) ii. What is the optimal order quantity and total annual cost of ordering purchasing and holding the component? (10marks)