Company ABC specializes in selling scented candles. The company has established a policy of reordering inventory every 50 days (assume 360 days a year) with other information of inventory management specified below. If the company adopts EOQ in inventory management, how frequent should the company order and what will be the TIC?

Ordering cost = $30 per order

Carrying cost = 18% of purchase price

Purchase price = $2.1 per unit

Total sales for year = 90,000 units