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MARKS ) Starfish Company expects to sell 5 0 , 0 0 0 units of tape for year 2 0 2 3 . One unit

MARKS)Starfish Company expects to sell 50,000 units of tape for year 2023. One unit of tape will be purchased at RM2.20. The supplier will deliver the order 10 days after an order has been placed. Costs per order are estimated at RM100 and carrying cost will be 20 percent of purchase price. Normally, the company carries 2,000 units of safety stock inventory for the coming year.(Assume 365 days per year)(a) State THREE (3) types of inventories.(b) List THREE (3) approaches in Hedging Principles.(c) Calculate the EOQ.(d) Calculate the Total Carrying Cost (TCC)(3 marks)(3 marks)(4 marks)(3 marks)(e) Calculate the Total Ordering Cost (TOC)(3 marks)(f)Calculate the Total Inventory Cost (TIC)(3 marks)(g) Calculate number of orders that will be placed annually.(3 marks)(h) Calculate is the Reorder point.

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