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QUESTION 3 a) IOU Corporation has an annual usage of 4,000 units. The cost of placing an order is RM100, and the firm's carrying cost

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QUESTION 3 a) IOU Corporation has an annual usage of 4,000 units. The cost of placing an order is RM100, and the firm's carrying cost per unit for each quarter is RM0.80. The firm also maintains a safety stock of 20 units. Compute the Total Inventory Cost. (10 marks)

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