Question: Please help me . Please help me i will upvote . urgent Question 4 Lily Berhad is involved in the production of machine parts. The

Please help me . Please help me i will upvote . urgent

Question 4 Lily Berhad is involved in the production of machine parts. The company uses 500,000 kg of steel annually. The current purchasing cost for steel is RM2.20 per kg. The carrying cost for inventory is 20% of the purchase price. The cost of ordering steel is RM1,000 per order. The company has decided to maintain a safety stock of 20,000 kg. The delivery time per order is 10 days. The company works 365 days a year. Required: a) Determine the optimal economic order quantity (EOQ). b) How many orders will be placed annually? c) What is the average inventory? d) What is the company's total inventory costs for the year

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