rch c) You have recently been appointed as the person in-charge of placing orders at Fastmart retail store. For one of the items (tricycles) stored in the retail store, the following information is provided. Annual Demand (R) Annual Holding Cost (H) Ordering Cost (S) = 4,000 units per year Kshs. 20 per unit per annum = Kshs. 100 per order Required: i. If your predecessor ordered tricycle units, four (4) times a year i.e. 1000 units every quarter, what was the resultant cost of keeping inventory? (3 marks) ii. Determine the EOQ for the tricycles. (3 marks) iii. Establish the net inventory cost saving as a result of ordering at the EOQ. What advice would you give to your current boss? (4 marks) A BI N