Joop Company manufactures perfume. The company buys 1 Litre bottles of secret ingredient, used in...

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Accounting

Joop Company manufactures perfume. The company buys 1 Litre bottles of secret ingredient, used in the production, for 12 per bottle. In 2023, the company expects to use 8,100 bottles of secret ingredient in its production, with the usage occurring evenly throughout the year. The average cost of storing a 1 Litre bottle of secret ingredient in the inventory per year is 6, and the cost to place an order of secret ingredient is 12. Compute the EO

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