Question: QUESTION 5 (5 marks) Given an inventory system at a furniture company: Annual demand = 120 units; Ordering cost = RM45 per order; Cost per

QUESTION 5 (5 marks) Given an inventory system at

QUESTION 5 (5 marks) Given an inventory system at a furniture company: Annual demand = 120 units; Ordering cost = RM45 per order; Cost per unit = RM200; Annual holding cost = 20% of the unit cost. (a) Determine the Economic Order Quantity (EOQ). (b) Calculate the total annual inventory cost (ordering + holding)

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