Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates

sales of $98,000$ units per year, an ordering cost of $$12$ per order, and carrying costs of $$1\mathrm{.}2$ per unit.

a$.$ What is the economic ordering quantity?

Economic ordering quantity $($EOQ$)$

b$.$ How many orders will be placed during the year?

Number of orders

c$.$ What will the average inventory be$?$

Average inventory units

d$.$ What is the total cost of inventory expected to be$?$

Total costs