Ikhwan Company sells school bags and the annual demand is estimated to be 2,800 bags. The ordering cost is RM 36 per order and the holding cost per unit per year is 7 % of the unit cost. The cost of each bag is normally RM 40. The supplier offers the following discounts to Ikhwan Company: Table 1 Order Quantity (units) Below 100 units 100 units and below 200 units 200 units or more Determine the optimal order quantity Discount Unit Cost None RM 40.00 5 % RM 38.00 7 % RM 37.20 a. (12 marks) b. Find the minimum inventory cost. (14 marks) Briefly explain any TWO (2) types of inventories. (4 marks) photofunny Ikhwan Company sells school bags and the annual demand is estimated to be 2,800 bags. The ordering cost is RM 36 per order and the holding cost per unit per year is 7 % of the unit cost. The cost of each bag is normally RM 40. The supplier offers the following discounts to Ikhwan Company: Table 1 Order Quantity (units) Below 100 units 100 units and below 200 units 200 units or more Determine the optimal order quantity Discount Unit Cost None RM 40.00 5 % RM 38.00 7 % RM 37.20 a. (12 marks) b. Find the minimum inventory cost. (14 marks) Briefly explain any TWO (2) types of inventories. (4 marks) photofunny