Question: Tutorial chapter 7 inventory management Borneo corporation has an annual usage of 8,000 units. The cost of placing an order is RM100, and the firm's

Tutorial chapter 7 inventory management Borneo corporation has an annual usage of 8,000 units. The cost of placing an order is RM100, and the firm's carrying cost per unit in a year is RM2.40. Orders must be placed in multiples of 100 units and it normally takes the firm (9) days to receive the order made today. Assume the desired safety stock is 200 units, calculate the following i. Economic order quantity (EOQ) (4 marks) ii. Total inventory cost for the years. (4 marks) iii. Reorder point. (2 marks)

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