The quarterly demand for an item of raw materials is estimated at 2,000 units at a purchase price of GH¢180 per unit. It is estimated that the cost per order will be GH¢270 and the cost of holding a unit of material in inventory will be GH¢24. Required: i. Compute the optimal order quantity, and total minimum costs. ii. Suppose a supplier offers 5% quantity discount for purchase of 8,000 units, should the offer be accepted

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