c) Truebrand produces parts for bicycle and has the following costs and informations: Orders must be placed for parts to produce a group of 150 bicycles. Annual demand is 300,000 units (assume a 360-day year). The carrying cost is 17% of the purchase price. The purchase price is RM1.20 per unit. The ordering cost is RM30 per order. vi) The desired safety stock is 800 units. vii) The delivery time is 10 days. Given the above information: i) Determine the optimal EOQ level. i) iii) ii) How many orders will be placed annually? iii) What is the inventory order point? iv) What is the average inventory level? (4 marks) (3 marks) (5 marks) (2 marks)