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Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 112.500

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Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 112.500 units per year, an ordering cost of $12 per order and carrying costs of $120 per unit. In the second year. Fisk Corporation finds that it can reduce ordering costs to $3 per order, but carrying costs will stay the same at $1.20 per unit. 0-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) 1500 units 6-2. How many orders will be placed during the second year? Number of orders 6-3. What will the average Inventory be for the second year? Average Inventory 6-4. What is the total cost of ordening and carrying inventory for second year Total costs 5 b. Not wailable in connect

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