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C. Tarisha Ice Lollies company uses 60,000 litres of Orange juice per year. The cost of ordering the juice is R200 per order. The cost

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C. Tarisha Ice Lollies company uses 60,000 litres of Orange juice per year. The cost of ordering the juice is R200 per order. The cost of carrying the juice in inventory is R1 per litre per year. The company uses the juice at a constant rate every day throughout the year. i. Calculate the Economic order Quantity? (4 Marks) ii. Assuming that it takes 20 days to receive an order once it has been placed, determine the reorder point in terms of the litres of juice. (8 Marks)

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