calculation required

3. The objective of Inventory Management is to ensure, how much inventory should be ordered at one time, and when should an order be placed. A MRP record given below with an EOQ unit of 230 units; Week 1 2 3 4 5 6 7 8 9 10 Total Net 75 85 65 95 100 80 0 95 105 80 requirements Planned Order Receipt Ending Inventory a) Calculate the planned order receipt using the Economic Order Quantity (EOQ) and find the total ending inventory and the total inventory carried over the 10 weeks. [6 marks] b) Calculate the period order quantity and find the total ending inventory using Periodic Order Quantity (POQ). [8 marks] c) Explain your findings from both the calculation. [4 marks]